Kotak Mahindra announced the launch of Jifi Saver and it is developed for today’s tech savvy & socially connected consumers with an active digital life. If you do not know, Jifi Saver is a unique social savings bank account which can be seamlessly managed via Twitter & Facebook. The good thing about Jifi Saver is that, it will take care of all needs which includes online shopping, on-the-go transactions, financial planning, etc and above all it offers benefits & functionalities of a regular savings bank account.
Shanti Ekambaram, President – Consumer Banking, Kotak Mahindra Bank, said,
“Jifi Saver integrates the best of mainstream banking, digital innovation and social connect for today’s savvy consumer. It offers a holistic banking experience combining a secure technology platform and our pan-India branch network.”
Ekambaram added,
“Jifi Saver also addresses the needs of frequent online shoppers. Through our tie ups with various ecommerce retailers, customers can not only benefit from the plethora of online deals, but also earn extra transaction points, which can be redeemed for a host of offers.”
Jifi Saver enables customers to earn savings interest rate of 6% p.a. on balance of above Rs. 1 lakh and 5% p.a. on balance up to Rs. 1 lakh. In addition to this, the account offers extra transaction points for purchase from select ecommerce partners. To receive these points, customers can simply check offers through the Kotak rewards website / www.kotakrewards.com and make purchases using their debit card, as said in a press release.
The account offers a host of other benefits such as mobile and DTH recharge via Twitter, reward and transaction points, 25 free at par cheques per quarter and unlimited free transactions at Kotak Mahindra Bank ATMs.
To open a Jifi Saver all you need is to open the official website – www.kotakjifi.com and use your Facebook or Twitter credentials, isn’t that simple? After that, you receive a Jifi debit card and a free subscription to Kotak MoneyWatch platinum plan for the first year, which will assist them to track expenses and plan their finances. Jifi Saver is available in 27 cities across the country.
Some of the highlights of Jifi Saver Account
- 6% p.a. on savings balance of above Rs. 1 lakh, and 5% p.a. for balance up to Rs. 1 lakh
- Rewards points for online transactions and social interactions on Twitter and Facebook
- Extra transaction points for online purchases via www.kotakrewards.com
- Mobile & DTH recharge via Twitter
- Free subscription to Kotak MoneyWatch platinum plan for the first year
- Option to customers for availing a free Credit Bureau score
- 25 free at par cheques per quarter
- Unlimited free transactions at Kotak Mahindra Bank ATMs
- No charges for online transactions
