Jio payments banks

Jio payments bank launch, With free IMPS, NEFT , UPI transaction.

Finally jio launched jio payments Bank is an Indian payment Bank that started in 2018.

All the payment Bank can accept deposit and make payments but cannot issue loans or other forms of credit .

Reliance industries received licence from reserve Bank of India to run a payments bank in India on 19 August ,2015

Jio payment Bank

Jio payment Bank becomes 6th payment bank in India.

Now jio payment Bank ready to competing with experience Airtel payment and paytm payment Bank.

Where Airtel payment bank and India post payment Bank offering and interest rate of 5.5 per cent, that is equal line with fixed deposit rates,

Paytm payment Bank offer 4% of interest per annum, now jio payment Bank come with more attractive interest rates of 4%

Why payment bank is best?

You never have to orai about pain money or mention minimum balance in account this is the best for cashless transaction.

The main focus of all the payment bank is high volume of transaction.

You have not need any physical document required to open jio payment Bank this is the best reasons to open jio payment Bank.

You can open jio payment Bank by providing your your e KYC and PAN card.

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