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Kotakjifi one of it's first kind of social bank. Only real and existing bank which pays you for your social presence and social activity. The account holder of this account can track and operate the account through social sites like Facebook and Twitter.
Account holder of this jifi bank earns social points for Facebook activities, transaction points for every transaction they do online for purchasing or paying utilities bill through this account. The account holder can redeem these transaction points to buy anything online from many of the available e-commerce sites.
Currently for opening an account kotak jifi has kept invitation through Facebook and through mail links only, now the prospects are required to self invite themselves through homepage of kotak jifi where they have invitation through either Facebook or through mails.
Kotak jifi account holders can check their account through tweets also. This jifi account is available only to the customers of selected cities right now. For complete list of cities where this jifi account is available you can check on its official website kotakjifi.com/social-banking.
One of the most striking feature of this jifi account is referral points and reward points, account holders will get reward points for each friend they invite and make them join this jifi account.
Kotak jifi also offering a special platinum debit card to shop and dine, account holders can also have kotak jifi mobile app installed on their mobile which will help them transact directly from their mobiles.
Another striking feature of kotak jifi other than being it's only social banking account is that it's providing you a current account and if you happen to deposit an amount equal or above Rs. 25000/- you are eligible to get the benefits of term deposits, that is you will be getting interest upon your deposited money.
I would surely recommend this account for everyone because, we get nothing out of our most time spending on social network, but if someone like kotak jifi bank paying you for your social time, it's not a bad idea to have one and what you are losing out of it, “Absolutely Nothing” as this account is “ZERO BALANCE ACCOUNT” so, you have almost nothing to worry, just open an account, keep socialising with your friends and get your bank pay you for it.
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