Image Source: Gadgets 360
On February 11, 2026, Jio Financial Services introduced a new feature in its JioFinance app, enabling customers to invest in fixed deposits offered by multiple banks and NBFCs. The platform aims to simplify deposit access, enhance transparency, and expand digital financial inclusion for millions of users nationwide.
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Jio Financial Services has unveiled a major update to its JioFinance app, introducing a platform for fixed deposits (FDs) offered by a diverse set of banks and non-banking financial companies (NBFCs). This move is designed to make FD investments more accessible, transparent, and convenient for retail customers.
Key Highlights
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Unified Platform: Users can now browse, compare, and invest in fixed deposits from multiple banks and NBFCs directly through the JioFinance app.
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Customer Convenience: The feature eliminates the need to visit individual bank portals, streamlining the FD booking process.
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Financial Inclusion: By aggregating FD options, Jio aims to empower first-time investors and rural customers with easy access to secure savings products.
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Market Impact: Analysts view this as a strategic step to position Jio Financial as a comprehensive digital finance hub, competing with fintech leaders.
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Future Outlook: The platform is expected to expand into other investment products, reinforcing Jio’s ambition to reshape India’s digital financial ecosystem.
This initiative underscores Jio Financial’s commitment to democratizing financial services by leveraging technology. With fixed deposits being one of India’s most trusted savings instruments, the JioFinance app’s FD marketplace could significantly boost adoption and customer engagement.
Sources: Reuters, Economic Times, Business Standard
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