Kotak Mahindra Bank has launched a New product which is a Bank Account focused on today’s Youth who is always on Social Media Channels like Twitter and Facebook.
The Bank Account is Named KOTAK JIFI. Now you can call it as Jiffy or also pronounce it JIFI as the way you would say WiFi
This JiFi Account is For the Young, not only in age but also who are young at heart.
- Zero balance account: No minimum commitment of balance which is in sync with today’s Youngistaan. One can avail all the benefits of regular account without worrying about retaining the minimum balance.
- The surplus amount automatically earns Higher interests: If account balance is more than Rs.25000, the spare cash automatically gets transferred to Term deposit and fetches higher interest as of a Fixed Deposit.
- Access your bank in your own way: In these busy times, one can have access to JiFi account at own convenience that too through Twitter account. One can check balance, request for cheque books and much more through Twitter account.
- Referring a friend will help you earn Social points: One can refer friends through Facebook or sharing unique Email id link. The referral rewards start from the time you refer your friends to Jifi, till their account is opened.
- Reward points on every transaction: Like a Credit card offers reward points per transactions, JiFi account too offers reward points for online transactions or transfers. So, it is not necessary to hold credit card if you do so only for reward points.
- Platinum Debit Card: A Platinum Debit card with higher withdrawal limits, higher purchase limits and lost card liability insurance.
- Get paid in points when you like or comment on Facebook : This means The more social you are, the more points you earn.
- Manage your personal Finance with Jifi: You can club your other online accounts and consolidate your entire portfolio at one place and track your financial life that too on the go without any need to update on your own, Kotak JiFi will do it for you.
Kotak JiFi is the Right Product:-
- If You are active on Social media.
- If You have a issue with maintaining Minimum Quarterly Balance
- If You are a First mover, as this is the Product of the Future.
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Gurleen Kaur is a Financial Consultant and devotes her time to her company www.hareepatti.com. She has done her Bachelors in Finance and Investment Analysis(BFIA) from College of Business Studies(CBS, Delhi) and MBA from IMT, Ghaziabad. She will be a Certified Financial Planner by June 2014. She can be Contacted at [email protected]