Jifi is the new age digital account that offers unmatched banking convenience. Quick, simple andanytime access, worry-free transactions and multiple benefits, that's whatJifi is about. Bankinggoes social and all the more rewarding as you can get tomanageyour bank account through Twitter, earn reward points for carrying out online transactions, and adding companions to your Jifi system. While Jifi has changed the way users bank and socialize, drawing family, friends, and the world of banking closer than ever, Jifi saver doesn't leave any stone unturned.

Apart from being a one-of-its kind social banking account, Jifi Saver gives you a chance to appreciate the advantages of a customary Kotak Savings Account, by presenting up to 6% p.a. interest on your savings. You should do nothing more than, keep up an average month to month balanceof 10,000 in your account to make the most out of these interest rate advantages.

While Jifi account does not require you to maintain any minimum balance, Jifi Saver requires you to maintain a minimum balance requirement of 10,000. But, the twist here is your balance helps you earn up to 6% p.a. interest. Jifi saver also has the Social & Transaction Loyalty Rewards as one of its feature.

The ActivMoney facility helps you convert your funds above 25,000, for a Jifi account, and 50,000 for Jifi Saver, to a term deposit (TD) in multiples of 5,000. This will earn you a TD rate of interest based on the tenure you choose. In case of Jifi Saver, ActivMoney is not active originally. Customers need to place a request to activate ActivMoney during account opening or any time after the account has been activated. Once the facility is activated, the funds will be shifted to Term Deposit, after the balance exceeds 50,000.

Opening a Kotak Jifi Saver Account

Simply sign-up through the Facebook or Email option available on the home page of Kotak Jifi -www.kotakjifi.com, complete the online application process to proceed further. You will then receive an exclusive invite from Kotak Bank to open your Jifi account. Complete a regular Know Your Customer (KYC) process by submitting two set of documents.

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

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

Once you have completed the online application form, one of the representatives from Kotak Mahindra Bank would pay a visit to complete the documentation formalities. After the process is complete, your account would get active.