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Jio Financial Services launches JioFinance app with loans, savings, and insurance solutions

YourStory

YourStory · 10m ago

Jio Financial Services launches JioFinance app with loans, savings, and insurance solutions

- Jio Finance app has been launched on Google Play Store, Apple App Store, and MyJio after the success of its beta version. - The app now offers services like loan on mutual funds, home loans, loan against property, integrated UPI payments, mobile recharges, and credit card bill payment. - It provides a consolidated view of the user's bank accounts and mutual fund holdings. - The app also offers a wide range of insurance plans across life, health, and vehicle categories. - Users can open digital savings accounts within five minutes with Jio Payments Bank, which already has over 1.5 million users managing their routine recurring expenses through these accounts. - Jio Finance aims to become a trusted financial companion for the people of India and offers a comprehensive suite of financial products.

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The JioFinance app offers instant digital account opening and convenient bank management through the Jio payments bank account. It aims to expand its services to include loan solutions such as mutual fund loans and home loans. The app is user-friendly and provides easy access to financial technology.

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YourStory

YourStory · 1y ago

RBI approves Jio Financial Services' conversion to core investment company

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Jio Financial set to launch suite of loan products in billionaire Ambani's finance push

Reuters · 1y ago

Jio Financial set to launch suite of loan products in billionaire Ambani's finance push

Jio Financial Services, backed by billionaire Mukesh Ambani, plans to introduce auto, home loans, and other products as it aims to establish itself as a full-service financial services firm in India. The company has already launched personal loans and consumer durable loans, with plans to launch business and merchant loans. Additionally, Jio Financial's insurance broking arm has partnered with 24 insurance companies, and its payments bank division intends to launch debit cards. The company's focus on technology and artificial intelligence will serve as its growth differentiator.

JioFinance app offers paid tax filing facility

Economic Times

Economic Times · 17d ago

JioFinance app offers paid tax filing facility

Jio Financial Services Ltd (JFSL) has launched a tax planning and filing module on the JioFinance App, developed in partnership with TaxBuddy. Aimed at simplifying and making tax filing more affordable, the app allows users to file returns themselves or opt for expert assistance, with plans starting at Rs 24. Features include a tax planner, deduction mapping, and regime comparisons, addressing challenges like confusion between old and new tax regimes and ensuring deductions are correctly applied.

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IndianStartupNews

IndianStartupNews · 1y ago

Mahindra Finance & IBM collaborate to develop a super app

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has partnered with IBM to develop a super app that will serve as a digital platform offering a wide range of financial services to consumers across India. The app aims to simplify access to financial solutions such as loans, insurance, and investment products for both urban and rural customers. It will leverage IBM's expertise in cloud capabilities and human-centered design to ensure a seamless user experience. The focus is on creating a secure, scalable, and resilient digital architecture that can incorporate future technologies like generative AI.

Jio Financial Services seeks RBI approval to convert from NBFC to CIC

Livemint

Livemint · 1y ago

Jio Financial Services seeks RBI approval to convert from NBFC to CIC

Jio Financial Services, a demerged entity of Reliance Industries, has requested approval from the Reserve Bank of India (RBI) to convert into a core investment company (CIC). The company aims to transform its financial operations and streamline its investment approach by becoming a CIC, which primarily invests in equity shares, preference shares, bonds, and loans of group companies. Jio Financial Services plans to focus on consumer finance, asset management, and insurance after the demerger from Reliance Industries. The company recently reported a doubling of net profit in Q2 2023.

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Livemint

Livemint · 2y ago

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Jio Financial tweaks plans after RBI move on unsecured lending

Livemint

Livemint · 1y ago

Jio Financial tweaks plans after RBI move on unsecured lending

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