Jio Financial Services FD Marketplace: If you’re considering investing, this news could be important for you. For your information, everyone is currently searching for a platform to find great investment offers. To make this easier, Jio has launched a special feature for investors.
Amidst the constant volatility in the stock market, Jio Financial Services has offered investors a new and secure option. The company has launched a fixed deposit marketplace on its JioFinance app. Through this platform, users can now view, understand, and select FD schemes from various banks and NBFCs on a single digital app.
One platform, many financial institutions
This new feature of JioFinance includes names like Unity Small Finance Bank, Suryoday Small Finance Bank, Bajaj Finance, and Mahindra Finance. Investors can now compare options from one place instead of visiting different websites or bank branches. Filtering schemes based on interest rate and investment period are also available.
What is the situation regarding interest rates?
This digital marketplace currently offers FDs with annual interest rates up to 8.15%. However, financial experts say that interest rates are determined by the respective bank or NBFC. JioFinance only provides a technology platform; it has no direct control over the rates.
The entire process is digital and easy
The JioFinance app’s biggest feature is its completely paperless and digital system. Users don’t need to visit a bank or submit documents to book an FD. Investments can be completed in a matter of minutes. The app clearly explains the investment period, tax rules, and all the conditions related to premature withdrawal. This technical infrastructure was developed in collaboration with Blossom Fintech.
Fid tracking hassles will be eliminated
Investors often make FDs with different institutions, but tracking them timely manner becomes difficult. The JioFinance app solves this problem through a dedicated dashboard. Here, users can view all their current and past FDs, check their maturity dates, and monitor their returns.
Investors will receive advisory services
Earlier this month, Jio-BlackRock Investment Advisors launched a personalized investment feature on the JioFinance app. A fee of ₹350 will be charged for this feature. Investment experts from Jio Financial Services and BlackRock have stated that investors can start investing with just ₹10,000. Investors will also receive investment advice, which will be monitored by technology. Recommendations for investment changes based on market conditions will be provided periodically.
Adarsh P
Adarsh Pal is a content writer at Timesbull Media. He specializes in writing news related to industry updates, the automotive sector, banking, telecommunications, the travel sector, and personal finance. Adarsh has previously worked with several digital media channels. He is skilled at presenting news accurately and disseminating information based on...
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