Jio Payment Bank Account Setup and Management Explained

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To set up a Jio Payment Bank account, you'll need to download the JioMoney app or visit a Jio Store near you. The account can be opened with a valid government ID and PAN card.

Jio Payment Bank offers a range of services including savings accounts, current accounts, and fixed deposits. You can also apply for a Jio Money wallet, which can be linked to your bank account.

To manage your Jio Payment Bank account, you'll need to log in to the JioMoney app or visit a Jio Store. You can check your account balance, transaction history, and even order a new debit card.

Jio Payment Bank also offers a range of online services, including bill payments and mobile recharges. You can use the JioMoney app to pay your bills and recharge your phone.

Key Features and Benefits

Jio Payments Bank is a convenient and secure way to manage your finances. You can open and operate an account if you're an Indian citizen over 18 years old.

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With Jio Payments Bank, you can access your account online or through the My Jio App, and even at your nearest Jio Payments Bank Outlets.

Transactions at these outlets are secured with Aadhaar-based fingerprint authentication, so your money is safe.

You can earn a high interest rate of 4% per annum on your savings bank account.

There are no charges or fees to open your account, which is a big plus.

You don't need to maintain a minimum balance to keep your account active.

You can transfer funds to other Jio Payments Bank accounts or other bank accounts from your mobile app for free.

Here are some key features of Jio Payments Bank at a glance:

  • Completely online account with paperless processing
  • No minimum balance requirement
  • Transfer funds to other bank accounts from your mobile app for free
  • Get highest interest rate of 4% per annum on your savings bank account

Setting Up and Managing

To set up your Jio UPI handle, you can follow these simple steps: login to your My Jio App, tap on the UPI icon, and then tap on 'Let's get started'. You will be taken to device verification, where you'll need to choose the phone number linked with the bank account you want to register with Jio UPI.

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You can link up to three bank accounts to your Jio UPI ID, and there's no limit on the number of bank accounts you can link. You can also create multiple Jio UPI IDs simultaneously, but be aware that you can only recreate a deleted UPI ID after a 2-year period.

To manage your Jio UPI ID, you can view all successful transactions in the Passbook under the UPI tab option in the MyJio App. You can also deactivate your UPI ID through your Profile in the MyJio App.

Setting Up a UPI Handle

Setting up a UPI handle is a straightforward process. You can start by logging into your My Jio App and tapping on the UPI icon.

To begin, you'll need to tap on 'Let's get started' in the My Jio App. This will take you to device verification, where you'll need to choose the phone number linked to the bank account you want to register with Jio UPI.

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Device binding is the next step, which you'll initiate once you've chosen your phone number. Once this is done, you'll be asked to set an MPIN for added security.

You can also choose to set Fingerprint ID or Touch ID for extra security. This is a great way to add an extra layer of protection to your Jio UPI account.

The next step is to link the bank accounts you want to use for your Jio UPI. You can link multiple bank accounts without any limit.

Here are the steps to set up your Jio UPI handle in a nutshell:

  • Login to your My Jio App and tap on the UPI icon
  • Tap on ‘Let’s get started’
  • Choose the phone number linked to the bank account you want to register with Jio UPI
  • Initiate Device Binding
  • Set an MPIN or choose Fingerprint ID or Touch ID for security
  • Link the bank accounts you want to use for your Jio UPI

AutoPay

AutoPay is a convenient way to recharge your mobile number through standing instructions on your credit card or bank account. This is done based on your Aadhaar authentication.

You can set up AutoPay from Jio.com or My Jio App. The process is straightforward and easy to follow.

The standing instruction will be presented to your bank or credit card company 5 days before the expiration of your current plan. This ensures that you never miss a recharge.

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Jio AutoPay is only applicable for recharge plans, so you won't be able to set it up for Add-on / Top Up / ISD / roaming packs.

You'll receive regular emails and SMS about the AutoPay process, so you'll always be in the loop.

Here are the steps to set up Jio AutoPay:

  • Set up AutoPay from Jio.com or My Jio App.
  • The standing instruction will be presented to your bank or credit card company 5 days before the expiration of your current plan.
  • Jio AutoPay is only applicable for recharge plans.
  • You'll receive regular emails and SMS about the AutoPay process.

Video KYC Process

Setting up a bank account just got a whole lot easier with Video KYC. You can now open a bank account from the comfort of your own home, eliminating the need for branch visits.

The process is quite straightforward. You fill out online details and initiate a video interaction with a bank agent, who will guide you through the necessary steps. This includes providing documents like your PAN/Aadhaar card for verification.

One of the biggest advantages of Video KYC is that it offers a zero-contact service, making it a great option for those who prefer to avoid crowded bank branches.

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To participate in the Video KYC process, you'll need to have an Aadhaar number, which is mandatory for OTP verification. This is a one-time process, and you'll also need to be a Jio Money (PPI) or Jio Payments Bank customer.

If you're experiencing any technical issues, don't worry – support is available via email to help you troubleshoot.

Here's a brief overview of the Video KYC process:

With Video KYC, you can enjoy a hassle-free banking experience from the comfort of your own home.

Frequently Asked Questions

Who is the partner of Jio Payments Bank?

Jio Payments Bank is partnered with State Bank of India, with a 77% stake held by Reliance Industries and a 23% stake held by the State Bank of India.

Is Jio Payments Bank safe?

Jio Payments Bank is a secure platform, with robust biometric and M-Pin authentication to protect your account. Your money is safe, even if you lose your registered mobile number.

Ginger Wolf

Copy Editor

Ginger Wolf is a meticulous and detail-oriented copy editor with a passion for refining written content. With a keen eye for grammar and syntax, Ginger has honed her skills in ensuring that articles are polished and error-free. Her expertise spans a range of topics, including personal finance and budgeting.

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