- One-Stop Digital Hub Lets Users Compare, Book & Track Fixed Deposits from Banks & NBFCs
- Interest Rates Up to 8.15% with Full Digital Booking & Consolidated Tracking
- Simplifies FD Investing by Removing Friction in Discovery, Comparison & Monitoring
NE BUSINESS BUREAU
MUMBAI, FEB 12
In a major move to simplify digital savings, the JioFinance app has launched a unified marketplace that allows users to discover, compare, invest in and track fixed deposits (FDs) offered by a diverse set of banks and non-banking financial companies (NBFCs) — all through a fully digital journey.
The new feature strengthens the app’s positioning as a one-stop destination for retail financial services, catering to users seeking stable, low-risk savings options at competitive interest rates.
A Smarter, More Transparent Approach to Fixed Deposits
With this rollout, users can now access FDs from multiple institutions, including Unity Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank, Bajaj Finance, Shriram Finance and Mahindra Finance — all within the JioFinance platform.
Interest rates on offer go up to 8.15% per annum, with many higher-yield options coming from small finance banks and NBFC partners.
Commenting on the release, Surbhe S. Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited, said: “The diverse bouquet of FDs on offer from a wide range of providers is a part of our endeavour to empower users to make smart money choices, aligned to their life goals. FDs remain a popular savings choice in the country, yet users often struggle to compare issuers, understand rates, or track their deposits across platforms. We are removing that friction by enabling a seamless and transparent end-to-end digital journey for discovering, comparing, booking, and tracking FDs.”
Fully Digital, End-to-End FD Experience
The new FD platform allows a complete paperless booking process that can be completed in minutes without manual intervention. Users can view all key details — including tenure, lock-in periods, tax implications and terms for premature withdrawal — before investing.
Another key feature is a consolidated FD dashboard, where customers can monitor both active and closed fixed deposits, track returns and maturity dates, and receive renewal reminders — addressing a common challenge for retail savers who hold deposits across different issuers.
The fixed deposit offering on the JioFinance app is powered by Blostem Fintech Private Limited, integrated as a business correspondent and/or technical service provider with multiple banks and NBFCs.
