Kotak Jifi Makes Banking a Fun, Rewarding and Worry Free Task

Kotak Mahindra bank has come out with the world’s first banking service which is socially powered. What it means is that you can not only check your account balances and make certain requests via your social media accounts (twitter), but also earn rewards by inviting your friends, foes and public (if you’re a marketer) to join  Kotak Jifi. There’s a lot more as well. Let’s explore!

Fun and Rewarding.. You’d love to Transact!

8Interaction with others on social media makes banking a fun and you also get rewarded for the same. Besides getting rewards for inviting others to use Kotak Jifi, you also get to earn social points every time you like or comment on Facebook and if that was not enough, you get to earn Transaction Points by transacting online or by making bill payments.

kjifi 2Jifi account holders can also share or transfer their social points to others in their circle and thus contribute in their happiness. And if you were wondering what to do with all these Reward Points, you got to choose from a host of lifestyle, shopping and dining offers where reward points can be redeemed, hence saving you real money.

Worry free both Online and Offline.. As you want it!

kotak jifi no minimumIt’s more fun when there are no worries. Kotak Jifi account comes with a zero minimum balance requirement. So you no longer need to worry about getting down the minimum balance requirement and being charged hefty fees for the same. You do not get interest on the deposits, but if you have a balance higher than ₹25000, it will automatically be converted into Term Deposits in the multiples of ₹5000 and interest will be paid on them.

Social banking system mentioned earlier also communicates via DM (Direct Messages) on twitter, hence nobody from public can view your account details, statements and/or any communication you do with the Social Banking system..

The Platinum Debit Card that you get with your Jifi account comes with a bunch of security features and insurance that you do not need to worry while transacting or about losing your card. The Jifi Debit Card comes with the new enhanced chip system which is both secure and  nearly impossible to clone. You also get a lost card liability insurance of Rs.2 Lakhs which covers any misuse up to 30 days prior and 7 days after reporting loss of card.

kotak jifi money watch iconKotak Money Watch let’s you keep track of your expenses so that you always know what all you are spending on and never go beyond your limits. Kotak MoneyWatch  allows you to view and analyze all your finances online with ease and at the same place for all your accounts. Not only that, KMW also let’s you estimate your Income Tax based on the transactions that you had inured.

There’s lot more.. Join and Explore!

That’s not it. The amazing Jifi account comes loaded with lots of other goodies, such as:

  • Fully functional client apps for Android, Blackberry and iOS.
  • Great discount offers available within the Jifi app for your mobile.
  • Free Platinum Subscription of Kotak Money Watch for the 1st year.
  • Earn upto 250 transaction points for each person you refer (Maximum 25 referrals/year). 1 point is worth ₹1.
  • Earn 25 transaction points for every transaction of ₹500 or higher (up to 6 transactions/month)

Kotak Jifi is currently available in Bangalore, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Delhi, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai and Pune. It will launch in more cities soon, so keep checking if your city is not listed.

Get your Jifi Account

Watch the introductory video below to know more about Kotak Jifi

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