Did you meet Kotak JIFI?

Well this astonishingly awesome social banking application made my day when I checked that its linked with facebook. Check out the new KOTAK  JIFI . Link below:
https://www.kotakjifi.com/

Oh you want to know more?

What is a Kotak Jifi account?

Jifi is a new age digital current account that offers unparalleled convenience. Easy & anytime access, hassle-free transactions and numerous benefits, that is what Jifi is all about. What’s more, banking is now social with it as you can receive banking account updates through Twitter, gain reward points for transacting online and adding friends to your Jifi network.

  

Simply invite yourself through the Facebook or Email option available on the homepage, to get started. Within a few days, you will receive an exclusive invitation from us to open your Jifi account.

  

What if you don't have a Facebook account ?

Yes you can start by signing up for an invitation via email. However, a Facebook account would be required to open the Jifi account.

Well Facebook is important now!

Loyalty program has been designed to require a login with Facebook.

  

Right now the, Jifi is available by invitation only. This helps us provide the best banking experience to our privileged customers.

  

You can fund your account online through Net Banking or a Debit Card transaction from your other bank account(s) or handover a cheque to our executive at the time of account opening.

Well, you need to submit two set of documents open a Jifi Account

1. Personal information – To verify your identification details, you need to submit your PAN Card, Aadhar Card or Passport 

2. Communication Address – To verify your address, you can submit your home Electricity or Telephone Bill.

In the absence of these documents, other relevant KYC (Know Your Customer) documents will be accepted.

  

This one is awesome:

When your account balance crosses Rs.25,000 and the amount sweeps out towards a Term Deposit (TD), you will earn interest as per the existing term deposit rates as applicable for a 180 days deposit .

  

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Jifi account and a Regular Savings Account?

Your Jifi bank account is a no minimum balance, non-interest bearing current account, whereas a regular savings account requires you to maintain an Average Monthly Balance (AMB) and provides interest on the balance held in your account. Moreover, Jifi is a new age digital account which lets you avail of benefits like a Platinum Chip Debit card, access to social banking, loyalty and reward programs and much more.

  

Jifi  is looking forward to establish across the country but currently taking one thing at a time. They are currently available in Bangalore, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Delhi, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai and Pune. 

  

The ActivMoney facility helps you convert idle funds above Rs.25,000 in your Jifi account by moving it to a term deposit(TD) in multiples of Rs. 5,000. This earns a TD rate of interest depending on the tenure. The default tenure booked is 180 days. In case of a shortfall in your Jifi account, the amount (in multiples of Rs.5,000) is withdrawn from your Term Deposit, thereby giving you the convenience of getting payments processed with ease at all times.

So thats wow! :)