Mumbai, Sept. 22 -- In an industry-first initiative, Jio Payments Bank Limited, a subsidiary of Jio Financial Services announced on Monday the launch of 'Savings Pro', an innovative feature that enables customers to earn more from idle surplus funds in their Jio Payments Bank account, through automated investments in the 'Growth' plans of Overnight Mutual Funds.

The company in a statement on stated that with just a few clicks, any Jio Payments Bank account holder can upgrade to a Savings Pro account.

Customers need to set a threshold amount of their choice, starting at Rs 5,000 during the initial launch phase, and any surplus funds in their account, exceeding this threshold, will be automatically invested into select overnight mutual fu...