कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

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Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

Contents Edited by self so that forum rules may not break .

mods may pls close or delete the thread..

sorry for inconvenience

thanks

devraj

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

Contents Edited by self so that forum rules may not break .

mods may pls close or delete the thread..

sorry for inconvenience

thanks

devraj

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

Contents Edited by self so that forum rules may not break .

mods may pls close or delete the thread..

sorry for inconvenience

thanks

devraj

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

Contents Edited by self so that forum rules may not break .

mods may pls close or delete the thread..

sorry for inconvenience

thanks

devraj

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

What is a Kotak Jifi account?

Jifi is a new age digital 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 & more rewarding as you can receive banking account updates through Twitter, gain reward points for transacting online and adding friends to your Jifi network.

Jifi has two account variants:
Jifi Saver Jifi
Minimum Balance Requirement INR 10,000 No Minimum Balance
Interest rates offered 5.0% p.a. on balances up to Rs. 1 lac
6% p.a. on balances above Rs. 1 lac NIL
Eligibility Resident Indian Individuals Resident Indian Individuals

One has to be a resident Indian individual to apply for either of the accounts.

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

What is the minimum balance I need to maintain for the Jifi account?

JIFI Saver: It comes with a minimum balance requirement of Rs. 10,000. The balances you maintain earn you up to 6% p.a. interest

JIFI: JIFI account does not require any minimum balance to be maintained. However, as a part of the activation and the verification process, funding the account with this minimum amount of Rs.5,000 is required, which you can later utilize for online transactions or any other banking needs.

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

What is ActivMoney? How much interest do I get in it?

The ActivMoney facility helps you convert idle funds above Rs.25,000 (for JIFI) and Rs. 50,000 (for JIFI Saver) in your 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 account, the amount (in multiples of Rs.5,000) is withdrawn from your TD, thereby giving you the convenience of getting payments processed with ease at all times..

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

Would I be able to enjoy benefits of the Loyalty Program without a Facebook account?

We're passionate about the social element of banking with Jifi, and hence the loyalty program has been designed to require a login with Facebook.

Re: कोटक महिंद्रा का सोशल सेविंग बैंक खाता
 

How can I fund the account?

It surely is an effortless process. 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.
Why do I need to make an Initial Payment if my account does not require a minimum balance, in case of the Jifi variant of the account?

As a part of the activation and the verification process, funding the account with this minimum amount of Rs.5,000 is required, which you can later utilize for online transactions or any other banking needs.