Current Affairs · Banking and Finance
In August 2025, Jio Payments Bank introduced the 'Savings Pro' feature. Which of the following statements regarding this launch are correct? 1. 'Savings Pro' automatically sweeps idle balances from savings accounts into overnight mutual funds to generate higher returns. 2. The new feature was highlighted by Jio Financial Services Limited (JFSL) during its Annual General Meeting (AGM). 3. The feature was launched primarily to compensate for dropping the bank's standard savings interest rate to 2%.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Only 2
- 3Both 1 and 2✓
- 4Only 1
Correct answer
Both 1 and 2
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