Jio Payment Bank News , Is Jio Payment Bank Launch Report

 All Jio users, Alert yesterday Mukesh Ambani Announched Jio Happy New Year Offer  Jio Welcome Offer 2 and confirmed that yes all services are free till 31st March 2017

Jio Payments Bank, a joint venture of Reliance Industries Ltd, and State Bank of India, was incorporated on November 10, according to a report published in the Indian Express. The Reserve Bank of India had given an in-principle approval to the payments bank in September 2015.

According to Mukesh Ambani, Jio is the fastest growing company which grown up faster than even giants like Facebook, WhatsApp & Skype etc. In spite of all that he also ensured that Jio will try to improve their services.

        Jio’s first Payment Bank in India soon, to make this India digital & also to compete with India’s first payment bank of Airtel.

Note-We will do update on our site

 
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 Jio Payment Bank goes live in India.

India people to being Digital with the help of PM Modi note banning decision.Notably, the Jio Payments bank was incorporated only two days after Prime Minister Narendra Modi announced the decision to discontinue Rs 500 and Rs 1,000 currency notes.

 The report said that the Jio Payments Bank would leverage Jio’s mobile subscriber base and SBI’s network in the country. Reliance Jio, which launched commercial services on September 5, already operates a prepaid wallet under the Jio Money brand.

Airtel Payments Bank has already gone live in Rajasthan on November 23. The payments bank is offering bank account opening services using e-KYC through Aadhar card, cash deposit and withdrawal facilities. An interest rate of 7.25 per cent on savings accounts is being given, which is the highest in India.

Over 10,000 customers opened savings accounts with Airtel Payments Bank within the first two days of the first payments bank in India going live, the company had said on Sunday, adding that most of the accounts have been opened in semi-urban and rural areas.

A total of eight companies have proposed the launch of payment banks, inlcuding Jio Payments Bank, Paytm Payments Bank, India Post Payments Bank, NSDL Payments Bank, Aditya Birla Idea Payments Bank, Fino PayTech, and Vodafone m-pesa.

According to documents filed with the Registrar of Companies (RoC), Jio Payments Bank has seven directors on its Board, including H Srikrishnan, who is also the CEO designate at the payments bank, Alok Agarwal and SBI’s deputy managing director of (Corporate Strategy & New Business) Manju Agarwal, who is also on the board of National Payments Corporation of India

 

 

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