Jio Payments Bank
Reliance's payments bank.
- Who holds it
- The company itself — it holds a full banking licence — Payments bank license (RBI).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Jio Payments Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| HQ | Mumbai, IN |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Payments bank license (RBI) |
| Card | RuPay · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about Jio Payments Bank
What is Jio Payments Bank?
Jio Payments Bank is a fiat neobank built for underbanked, headquartered in Mumbai, IN and founded in 2018. Your money is held custodially, so Jio Payments Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Payments bank license (RBI)).
Does Jio Payments Bank have a card, and where can you use it?
It issues a RuPay debit card. It is available in Asia.
Does Jio Payments Bank require KYC?
Yes. Jio Payments Bank requires identity verification (KYC) to open an account, as a licensed bank.
share Jio Payments Bank on 𝕏 →
Head-to-head
Jio Payments Bank vs Airtel Payments Bank
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Jio Payments Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks built for the underbanked (23) · Neobanks on domestic card networks (16) · Neobanks in India (12)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.