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:
|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
|Eligibility||Resident Indian Individuals||Resident Indian Individuals|
One has to be a resident Indian individual to apply for either of the accounts.
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 minimum amount of Rs.10,000 is required, which you can later utilize for online transactions or any other banking needs.
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 In case of a shortfall in your account, the amount (in multiples of Rs.5,000) is withdrawn from your TD, thereby giving you the convenience of getting payments processed with ease at all times..
To know about the nominal charges click here
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.
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.
As a part of the activation and the verification process, funding the account with minimum amount of Rs.10,000 is required, which you can later utilize for online transactions or any other banking needs.
Jifi Saver is a Savings Account with a minimum balance requirement of INR 10,000 offering an interest rate of up to 6% p.a. on account balance. Jifi is a non-interest bearing current account, with no minimum account balance requirements.
To see the quick comparision, click here
JIFI Saver: Yes, this account offers you interest on the daily balances maintained in the account.
The rate of interest offered is
JIFI: 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
JIFI Saver: In case of JIFI Saver, ActivMoney is not active by default. Customers can initiate a request
to activate ActiveMoney at the time of account opening or any time post a/c opening.
Post activation, the funds are moved to a Term Deposit, once the balance crosses Rs. 50,000.
JIFI: Once your account balance crosses Rs.25,000/-, funds are automatically moved into term deposits at applicable interest rates, giving high returns on idle money.
Simply sign-up through the Facebook or email option available on the home page and complete the online application process to get started.
Yes, certainly. You can open a Jifi account and access the dashboard, without a Facebook account too. You can do this through your email id and a password that you need to set for accessing your dashboard.
Once you have filled the online application form, our representative would visit you for completion of documentation formalities. Once that is done, your account would get active.
You need to submit two set of documents.
Hashtag Banking lets you enjoy instant updates of your bank account through your personalised Twitter handle.
Rest assured, every tweet request you send will access your Jifi account details that are safely stored on a highly secured virtual location. After getting the respective information, you will receive a DM (direct message) on your personalised Twitter handle (and not the public domain) with the requested details. In case you have any concern, we are just a tweet, call or post away.
Response is sent from the @kotaksync handle which is automated, with no manual intervention.
Rest assured, no one can see your transaction details on Twitter. We send you the requested details via a DM (direct message) on your personalised Twitter handle which is visible to you only.
After activating your Jifi/Jifi Saverbank account, you need to connect your Twitter account through the Jifi dashboard. (Login to www.kotakjifi.com with your credentials and click on the “Hashtag banking” tab. Once, your Twitter account is authenticated, you can tweet to get your bank account details from anywhere, anytime.
Alternatively, you can log visit the Kotak Bank website
Any Jifi/Jifi Saver account holder who has a Twitter account is eligible.
It's easy, just tweet to '@KotakBank Ltd' with the corresponding hashtag for your request (Click here for a list of all available hashtags) and we (@kotaksync) will almost immediately send you a DM (Direct Message) to your personalised twitter handle. Don't forget to follow @kotaksync to enable this feature.
There’s a plethora of things you can do with this. A tweet is all it takes to get an instant and secure update on your account balance, transaction history, cheque book request, Net Banking PIN request and many more account activities.
What’s more, a tweet is all to takes to recharge your mobile or DTH balance.
Don’t panic, login to www.kotakjifi.com go to Hashtag banking section and deregister your Twitter account.
You will find all your hashtags here.
Tweet the following to @KotakBankLtd to enable recharge:
Click here for details on mobile & DTH operator codes.
Tweet the following to @KotakBankLtd
#MOVIE <CITY> @KotakBankLtd
Copy response tweet of your preferable location and DM/tweet back with the number of seats
*City – DEL/MUM/BLR
** Maximum limit per customer is 4 tickets
Customers will get an instant confirmation on successful booking done via a DM. Customer will also be sent the movie ticket code on his/her mobile number and email address registered with the bank by 16th July 2015.
Currently customers from Delhi, Mumbai & Bangalore only can pre-boook the tickets
You can easily refer your friends through Facebook or by sharing a unique email link. All you need to do is send them an invite by clicking on the ‘Refer Friends’ button on your Jifi dashboard.
The referral rewards start from the time you refer your friends to Jifi, till their account is opened. In case your friend does not open the JIFI account, you are still eligible to redeem the social points earned.
Each successful referral who opens a Jifi account would be eligible for 1,000 transaction points, capped to a maximum of 25 such successful referrals in a year.
If your friend uses the Email link from you to get her Jifi account, only then you will get reward points for the successful referral. So make sure your friend uses your invitation.
Too bad, if your friend decides to invite herself without using your referral link, then you will not receive any social or transaction points.
We appreciate that you have invited your friend to Jifi network. But if you are unable to find him in your list then it is possible that your friend may have not used the referral link provided by you, to invite herself to Jifi. Do share the details of your reference with us and we will get back to you.
It’s simple, the person whose email referral link is clicked to get a Jifi account, will get the reward points.
Loyalty Rewards entitle you to earn social and transaction points, which can then be redeemed for a host of lifestyle, shopping and dining offers.
Apart from inviting your friends to your Jifi Circle, your social activities are also rewarded, which includes liking and commenting on Kotak Jifi and Kotak Bank Facebook pages.
Every transaction point is worth Rs. 0.25. Several of these once accumulated can be redeemed for a host of exciting offers available on the Jifi dashboard. You can earn these points by the following ways:
Once you have accumulated social points, you can redeem them for a host of discount vouchers on lifestyle products & services, movies and more, which you check out on the ‘redeem tab’ on your Jifi dashboard.
All your accumulated transaction points can be redeemed for exciting gift vouchers of equivalent cash value.
Owing to third party tie-up, in addition to transaction points, customers shall also be offered Extra transaction points for online transactions done at participating merchants. We have currently got 100+ ecommerce partners & a set of 7,000+ hotels across 33 countries.
Visit kotakrewards.com for detailed process and terms & conditions.
Extra Transaction points would be added in the total count of customers’ transaction points and displayed in the Dashboard section -“Classification of your Reward Points”, “Recent Transactions” and also in “Detailed Report” section.
Yes, of course! In order to do so, simply log in to your Jifi dashboard and click the ‘Trade Points’ tab, which you can find under ‘manage points’ link.
We’d like you to make the most of the transaction points you earn, hence have kept them non-transferrable. But we know you might need to make your friends happy too. You can always convert 4 transaction points into 50 social points and then transfer them to friends within your Jifi network.
It is indeed very simple, log in to your Jifi dashboard and click the ‘Trade Points’ tab, under the ‘manage points’ link.
Sorry, but this conversion is not possible.
All you need to do is log in to your Jifi dashboard and navigate to the redemption page to avail them.
Totally depends on how social you are. The more number of friends you add, or the more you interact with us on Facebook, the more social points you earn.
Yes, the comments that you post on Facebook needs to be atleast of 20 characters without any tags and just one comment per post will be considered for reward points.
Now you can get a 360 degree view of your personal finance with Kotak MoneyWatch. It allows you to view and analyse all your finances online with ease. Here are some of the features you enjoy with KMW:
Safety of your account information is of utmost importance to us. That is why Kotak Moneywatch does not maintain any private information of any user on any of its servers. You simply need a valid email ID to register and use the application. Keep in mind that this is a read-only application and you cannot do any transaction on it. All your login credentials are encrypted, so it is almost impossible to view any specific user information by anyone.
Yes, you need to use the same email id registered with the bank to avail the free platinum version of KMW
A platinum subscription comes free for the first year for Jifi Saver customers.
In case of Jifi, the customer gets the platinum subscription free for one month. Post which, Jifi customers can avail the platinum subscription at an annual cost of Rs. 499.
Steps you need to follow:
It would be valid for a month (Jifi) or a year(Jifi Saver)from the day you sign up. However, this free subscription is exclusively for you and cannot be passed on to someone else.
Both Jifi & Jifi saver customers can opt for the platinum subscription for an annual fee of Rs. 499/-. (originally priced at Rs. 1499)
Simply select the "Current account" option to withdraw cash from an ATM in case of a Jifi account and the “Savings account” option in case of the Jifi Saver account.
With the privileged Platinum Chip Debit Card you can withdraw a maximum of Rs.50,000 at an ATM, daily.
Go on a shopping spree with a daily purchase limit of Rs.2 Lakhs.
No, you can’t, as JIFI comes with its exclusive Platinum Debit card which is not linked to any other Kotak bank account. Similarly, your Jifi Platinum Chip Card can be used for transactions on Jifi accounts only (Jifi & Jifi Saver variants). The card cannot be linked to any other Kotak account.
Opt for one of the following ways:
The Bank will charge cross currency markup of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA wholesale exchange rate prevailing at the time of transaction.
If you happen to lose your Kotak Platinum Debit Card, don’t panic, simply call Visa Global Customer Assistance (GCAS); this service is available to our Kotak Platinum Debit Card customers almost anywhere in the world. For a nominal cost, you can request a new card which can be delivered to you at the earliest. To know Visa GCAS numbers, visitwww.visa.com
All you need to do is use your card with your ATM PIN to shop on online shopping portals.
Credit Information Bureau (India) Ltd. is India’s first Credit Information company, also commonly referred as a Credit Bureau. It collects and maintains records of individuals’ payments pertaining to loans and credit cards. These records are submitted by banks and other lenders on a monthly basis to CIBIL; using this information a Credit Information Report (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications.
You can raise a request for your CIBIL Score by logging into your NetBanking account.
Follow the following steps to get your Bureau score
We will send you an email with the requisite report.
Yes, you will not be charged for the first request of your CIBIL Report.
You will receive your credit bureau score within 15 days from the day of your request.
To signup, inviteFacebook or Email