JioFinance App Now Live on Play Store and App Store! Explore Loans, Mutual Funds, and More – Here’s What You Need to Know

Reliance’s financial services arm, JioFinance, has officially launched its app, which is now available on Google Play Store, Apple App Store, and MyJio. This launch follows feedback from the beta version, which was introduced on May 30, 2024.

Since the beta release, JioFinance has added several new financial products and services, including loans on mutual funds, home loans (including balance transfers), and loans against property. According to the company’s stock exchange filings, these loans are offered with competitive rates, allowing customers to save more.

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Additionally, users can open a digital savings account with Jio Payments Bank Ltd. (JPBL) in less than five minutes. This secure account offers biometric authentication and a physical debit card. More than 1.5 million customers already use their JPBL account for routine expenses.

The app also allows users to make UPI payments, recharge their mobile phones, pay credit card bills, and track their mutual fund investments and bank accounts. On top of that, JioFinance offers 24 different insurance plans, covering life, health, two-wheeler, and motor insurance.

Jio Financial Services, along with its partner BlackRock, is working on bringing innovative investment solutions to Indian customers. Hitesh Sethia, Managing Director and CEO of Jio Financial Services Limited (JFSL), said their goal is to make financial services easily accessible to everyone through technology, with many new features planned for the future.

Jio Financial Services and BlackRock have also received in-principle approval from the Securities and Exchange Board of India (SEBI) to start their mutual fund business in India. Final approval will follow once they meet SEBI’s requirements.