# Jio Payments Bank

> Source: https://docs.barcoder.ai/docs/wallets/jio-payments-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Jio Payments Bank — official](https://www.jiopaymentsbank.com/)

## Overview

**Jio Payments Bank** is **Indian payments bank** + **Reliance Industries Jio + SBI 70:30 JV** + **RBI Payments Bank license** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## History

**Aug 2015 — RBI grants in-principle Payments Bank licenses to 11 entities including Reliance Industries**.

**Apr 3 2018 — Jio Payments Bank launched as Indian payments bank** distinctive Indian payments banking heritage.

## Ownership & operator

**Operating entity**: **Jio Payments Bank Limited** (Indian payments bank; Reliance + SBI JV).

**Major shareholders**: **Reliance Industries Limited / Reliance Jio Financial Services (BSE: 543940 + NSE: JIOFIN; Reliance Industries Indian conglomerate; Mukesh Ambani controlling) ~70% controlling + State Bank of India SBI (BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) ~30%**.

**Regulators**: **RBI**.

## Technical integration

MyJio mobile app (iOS + Android) + jiopaymentsbank.com online + Jio Payments Bank Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay + Aadhaar-Enabled Payment System AePS; max balance Rs 2 lakh per customer under Payments Bank framework.

## Implementations & partners

**Reliance Jio parent**: Reliance Jio (Jio Reliance Jio Indian telecom group; ~480M+ Indian wireless subscribers) + Jio Financial Services (Jio Financial Services; BSE: 543940 + NSE: JIOFIN; Reliance financial services).

**SBI parent partner**: [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets).

**Major Indian payments bank + payments competitors**: [Airtel Payments Bank](https://docs.barcoder.ai/docs/wallets/airtel-payments-bank) (Airtel Payments Bank; India's #1 Payments Bank by customers + India's first Payments Bank; ~70M+ Indian customers) + [Paytm Payments Bank](https://docs.barcoder.ai/docs/wallets/paytm-payments-bank) (Paytm Payments Bank; Mar 15 2024 RBI operational shutdown for non-compliance) + [India Post Payments Bank (IPPB)](https://docs.barcoder.ai/docs/wallets/india-post-payments-bank) (India Post Payments Bank IPPB; ~90M+ IPPB customers + ~150,000+ India Post + Department of Posts retail outlets nationwide) + [Fino Payments Bank](https://docs.barcoder.ai/docs/wallets/fino-payments-bank) (Fino Payments Bank; BSE: 543386 + NSE: FINOPB; ~14M+ Indian customers) + NSDL Payments Bank (NSDL Payments Bank; NSDL Indian depository payments bank) + [PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe) (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay) (Google Pay India; India's #2 UPI wallet by transactions) + [Paytm](https://docs.barcoder.ai/docs/wallets/paytm) (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet) + [Amazon Pay (India)](https://docs.barcoder.ai/docs/wallets/amazon-pay-india) (Amazon Pay India; Indian wallet by Amazon).

**Regulator**: RBI.

## Status

**Active, Indian payments bank + Reliance Industries Jio + SBI 70:30 JV + RBI Payments Bank license** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.jiopaymentsbank.com/ "Jio Payments Bank — official"
[2]: https://en.wikipedia.org/wiki/Jio_Payments_Bank "Jio Payments Bank — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [Jio Payments Bank — official][1]
- [2] [Jio Payments Bank — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [jio-payments-bank.md](https://docs.barcoder.ai/source/wallets/jio-payments-bank). See `matrix.md` for standards-support matrix if present.