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Jio Payments Bank: Reliance-SBI Joint Venture Launching Soon

1st December was really a great day, especially for Reliance Jio SIM users because, in this day, RIL chairman launched Jio Happy New Year Offer, another offer like Jio Welcome Offer to achieve his goal to get 100 million users. But after Jio Happy New Year Offer RIL JIO might announce about Reliance Jio Payments Bank, India’s second payment bank pilot project after Airtel Payment Bank.

According to reputed news sites, this Reliance – State Bank Of India joint venture was incorporated on 8th November, right after Modi’s demonetization program of Rs 500 & Rs 1000 Indian notes.

Jio Payments Bank Planning

In support of Narendra Modi’s Digital India project, Reliance wants to launch their payment bank service to make India completely cashless and safe. And in this bad situation, where people are waiting for hours behind the banks to get new notes, Mukesh Ambani’s decision might be a great extension of own his business.

Bharti Airtel has already launched their payments bank and they also got almost 10,000 subscribers in just two days after launching. So, like this Jio Payments Bank might achieve great success. According to reports, RBI has provided the license to eleven companies (including Aditya Birla Group, Airtel India, Reliance, Dilip Shantilal Shanghvi, Vijay Shekhar Sharma and Vodafone India) to offer their payment banking. And Reliance is one of those 11 companies. According to negotiators, Jio Payments Bank would get success from Jio’s huge customer base & State Bank Of India’s giant network around India. Reliance has already launched a prepaid wallet called Jio Money.

There might be 7 members in Jio Payments Bank‘s board including H Srikrishna, Manju Agarwal, Alok Agarwal, DMD of CS&NB and member of BNPCI. Excepting them there would be Manisha Girotra, Rajendra Saraf, Vivek Bandari and some other director on boards of IDBI Bank, Aditya Birla Health Insurance, BOI Merchant Bankers.

We’ll surely update this article with all the important information when Reliance Jio Payments Bank will be launched in India. Still then, enjoy Jio’s Happy New Year Offer till 31st March 2017. If you don’t want to change your number but want to get new Jio sim, then you should follow our article about Reliance Jio Portability Process.

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