Jio Payments Bank

Payments Bank Sector

“Digital Banking by Jio”

Jio Payments Bank, launched in 2018 as a subsidiary of Reliance Industries Limited, is one of India's newest and most digitally-native payments banks, backed by the formidable financial and technological resources of the Reliance-Jio ecosystem. With Jio's 45+ crore telecom subscribers as a potential customer base, Jio Payments Bank is uniquely positioned to offer seamless mobile-first banking services integrated into the broader Jio and Reliance ecosystem, which includes JioPay, JioMart, Reliance Retail, and other digital platforms. The bank offers savings accounts, digital wallets, UPI-based payments, money transfers, and a growing suite of financial products. Jio Payments Bank's integration with JioPay makes it one of the most frictionless digital banking and payments experiences available to Indian consumers. The bank leverages Jio's vast distribution network across India to onboard customers and expand financial access. RBI regulated and working within the payments bank framework (maximum deposit limit of ₹2 lakhs, no lending), Jio Payments Bank is expected to play a significant role in India's digital payments landscape as Reliance continues to build out its financial services vertical. With the planned integration of financial services across the Jio and Reliance ecosystem — from retail to telecom — Jio Payments Bank has the potential to become one of the most influential banking and financial services platforms in India over the coming years.