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Jio Financial Services Relaunc...

BANKING AND INSURANCE

Jio Financial Services Relaunches JioFinance App with Enhanced Features

Jio Financial Services Relaunches JioFinance App with Enhanced Features
The Silicon Review
11 October, 2024

A variety of financial services, including house loans, loans against property, and loans for mutual funds, are offered to customers through the app

Jio Financial Services (JFSL), the financial arm of Reliance Industries, announced the relaunch of its JioFinance app, now available on Google Play Store, Apple App Store, and the MyJio super app. The updated version, originally launched in beta on May 30, 2024, incorporates user feedback to offer a more streamlined and robust experience.

A variety of financial services, including house loans, loans against property, and loans for mutual funds, are offered to customers through the app. In less than five minutes, consumers can also open fully digital savings accounts using it. The software also gives users access to 24 digital insurance policies that cover life, health, motor, and two-wheeler insurance, as well as the ability to combine and manage their financial holdings across bank accounts and mutual funds. The latest version of the app offers users a unified view of their financial portfolio through its integration with Jio Payments Bank, which serves 1.5 million CASA customers. Commenting on the relaunch, Hitesh Sethia, Managing Director and CEO of JFSL, said, “With the refreshed JioFinance app, which is truly Made in India, we are well on our way towards becoming a trusted financial companion for the people of India.”

Another notable development is that on October 4, 2024, JFSL was approved by SEBI to establish Jio BlackRock Investment Advisers Private Limited, a joint venture with BlackRock, to offer investment advising services. The upgraded app seeks to further Jio's objective of empowering the financial sector in India.

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