TL;DR
- Jio Finance app now avaialble for download.
- Offers a plethora of financial services.
- Available for Android & iOS users
Reliance Jio has rolled out a new app for financial services. The Jio Finance App has been launched nationwide as a one-stop solution for financial essentials. The app was made by Jio Financial Services Limited (JFSL), which was previously a subsidiary of RIL. The app is up for download now across India via the Google Play Store for Android and the Apple App Store for iOS devices. The application can also be accessed via the My Jio app.
The beta version was rolled out in May and JFSL claims that over 6 million people have used the services via the app so far. Let us have a look at the plethora of services Jio Finance App offers.
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Jio Finance App: Services
- Jio Finance app can be used to carry out seamless UPI payments by linking the bank account and scanning QR codes at offline merchants.
- The app can be used to allow online payments and money can be sent to other users.
- The Jio Finance app also has a UPI international feature that can be used to make cross-border payments.
- Functionalities like removing UPI IDs, changing bank accounts, and setting mandates can be managed via the app itself. Rewards will also be awarded for every UPI transaction that is carried out within the application.
- Jio Finance app carries functionalities like utility bill payments, mobile, Fastag, credit card payments, DTH recharges, and more.
- The app claims to make the banking experience simpler as it allows the opening of zero-balance savings accounts in just three simple steps.
- The account can be used by the customers to send or receive funds Via NEFT or IMPS and one can even get a physical debit card via the app.
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- The digital savings account can be opened via the app in under 5 minutes. This is a secure bank account with biometric authentication and a physical debit card.
- Jio Finance app also has a loan-on-chat feature wherein users can get loans, including loans, mutual funds, property, and home loans. The loans can be transferred as well. JFSL claims that the users will have to pay interest on the used amount against the full amount at once. The facility can be availed by salaried as well as MSME customers.
- Apart from loans, there is an insurance facility as well. Users can check and avail of insurance plans within the JioFinance App. There are 24 insurance plans spanning a comprehensive suite of life, health, two-wheeler, and motor insurance digitally.
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Talking about the rollout of the app, Hitesh Sethia, MD and CEO of JFSL said, “At JFSL, our mission is to democratize access to seamless and convenient financial services by leveraging technology. With the refreshed JioFinance app, which is truly Made in India, and with many more new features coming soon, we are well on our way towards becoming a trusted financial companion for the people of India, helping them fulfill their aspirations with our comprehensive suite of financial products.”
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