Jio Payments Bank Account: How to Open, eKYC, Interest rate and more 

author Sameer Content Writer

Hello readers, Have you heard about Jio Payments Bank? You can also open the Jio Payments Bank account online and avail of numerous offers. The payment banks have various benefits such as no minimum balance requirements. 

In this post, we will explain how to create a Jio Payments bank account and use it. Here in this post, we try to clear all your doubts regarding Jio Payments Bank. Recently, we had shared steps to open the Airtel Payments Bank account. The procedure to open the Jio Payments bank is simple.

Jio Payments Bank Account Opening Online

If you want a bank account with no minimum balance requirement then the Jio Payments Bank account is the perfect solution. Any Indian resident of age 18 years and above is eligible.

There is no fee to activate Jio Payments Bank account. You can do a variety of online transactions with the digital bank account.

Let us first start by giving a short introduction on Jio Payments bank, it will be followed by the steps to open a Jio Payments Bank account.

What is Jio Payments Bank?

Consumers can deposit up to 1 lakh rupees with eKYC verification. The payments banks provide ATM/Debit Cards, internet banking facilities to customers.

The depositor also earns interest on their balance. Jio commenced Payments Bank operations with effect from April 3, 2018. RBI issued a license to the bank under section 22 (1) of the Banking Regulation Act, 1949. 


How to Open Jio Payments Bank Account Online?

  • Download Jio Money App from here

  • Enter your number and verify it with OTP

  • Now, Enter your name, email and other details

  • Your Jio Money account is created

  • Go to MyJio App and open Dashboard to see Jio Bank option

  • It will show Upgrade Now banner tap on It.

  • Allow Notification and Open that Using My Jio App.

  • Select your JIO sim as you need to Link it as your Bank Account.

  • Proceed to verify your Mobile Number automatically.

  • Set your 4 Digit MPIN and Allow Fingerprint Unlock.

  • Enter your Aadhar Number, PAN Number and Proceed.

  • Select Nominee Details if you want to or you can skip this step.

  • After filling all the details Just Tap on Proceed Button.

  • Agree on Terms and Proceed.

  • Your application will be reviewed by Jio customer care soon

  • Soon you will receive a confirmation message


Benefits of Jio Payments Bank Account

  • Quick Jio Recharges

  • Easy One Click Bill Payments

  • Easy Payments through @jio UPI Handle

  • Earn Interest on your account balance

Jio Payments Bank BHIM UPI 

Jio Payments bank comes with @JIO handle. You can link your Jio Payments bank with any UPI based app such as Paytm, PhonePe, Freecharge, and Amazon Pay. Once you have created UPI ID you can also use it on any website to make hassle-free online payment

  • Download Paytm App

  • Verify your SIM linked to Jio Payments Bank

  •  Add your Jio Payments Bank account

  • Select Generate or  Reset / BHIM UPI PIN 

  • Enter last 6 digits and expiry dates of your Jio Payments Bank debit card

  • You'll receive one OTP from Jio Payments Bank on your registered mobile number.

  • Enter UPI PIN you want to set

  • You can check balance, transfer money, or make payments using this ID


So, you are ready to open the Jio Payments Bank account. The bank account comes with many benefits such as easy one-click bill payments, @jio UPI handle, and earn interest on your balance. 



Who is eligible to open a Jio Payments Bank Account?

Any Indian resident 18 years is eligible to hold a Jio Payments Bank account. 

What is the minimum balance requirement for Jio Payments Bank account?

There is no minimum balance requirement.

What are the documents required for opening a Jio Payments Bank account?

You only need an Aadhaar card and PAN card.

How to withdraw money from the Jio Payments Bank account?

You can withdraw money from any Jio Point outlet across India.

How to freeze/block my Jio Payments Bank account?

Dial 1800 891 999 from your registered number to freeze/block your account.  

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I’m an engineer that accidentally fell in love with words. I write about things that I like and things that I don’t, mainly in the online shopping sphere.

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