Banks has been an integral part of the financial system and we do need to have a saving account for our daily needs. A lot of public sector banks has a lot of queues where the time to service a customer goes into an hour at least. Private banks changed this equation and brought competitiveness and efficiency to the banking sector.
Kotak Mahindra Bank is one of the pioneers which has launched a saving account by the name of JIFI. It's a zero balance account which is linked to your social media. It can be opened using your facebook account. Your account balance, transaction history, cheque book request and many more activities are now just a tweet away.We all tweet for various contests, IPL matches and FIFA2014 so for the young generation who is always ON on twitter, this is the best financial option.
The more social you are on facebook and twitter, more you can refer #JIFI to your friends and family. The more is your references, the more points you earn and the more you get rewards once they join the #JIFI bank account. These rewards earns you free shopping vouchers and various other benefits.
The #JIFI comes with an App also which will be installed in your smartphones so that you can do mobile transfers and other purchases from the touch of your phone.
Spending money is easy whereas earning is the most difficult part. To track that you have not spent more than what your earn, the #JIFI comes with a MoneyWatch feature which keeps you updates on the incoming and outgoing transactions from your bank account.
You get a VISA Platinum card when you open #JIFI bank account which is way above what you get in other bank accounts. Not only you are getting better services with this bank account, you are getting free referral points along with the points on your purchases also.
Overall, #JIFI is a revolutionary new product which will see the competitor banks also introducing the same soon. Till that time, continue to enjoy the best services from the house of KOTAK MAHINDRA BANK.
More info is available at - http://www.kotakjifi.com