Reliance Jio to launch Jio Payments Bank till December

New Delhi: Telecom firm Reliance Jio is preparing to launch the payment bank service soon. According to media reports, Jio can launch payment bank in December. It is being said that this service will be opened under the partnership with RIL ie Reliance Industries Limited and State Bank of India.

It has been reported in the report that Mukesh Ambani, Chairman of Reliance Industries Limited, had planned to launch the payment bank service with Jio Phone. However, for this, the Reserve Bank of India (RBI) asked Jio to give details of its capacity. RBI had said that Jio will have to prove whether it meets all the regulation of payment bank or not. The company has not yet commented on this. It has been mentioned in the report as the reason for the payment bank launch.

How do we get benefit from the Jio payments bank:

This service will prove to be of great benefit to small business. This is because the salary account for the business of 5 to 6 employees can be opened in the payment bank. Banking through mobile banking will be quite easy if seen. Also, it is possible to get rid of the movement of banks. If you talk about Jio Payment Bank, the most important thing is that if Jio Payment Bank launches, then it can also issue many new offers. Plus, you can launch a Jio Debit Card too.