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Kotak Bank launches new savings account

Kotak Mahindra Bank launched Jifi Saver, a unique social savings bank account which can be seamlessly managed via Twitter and Facebook. Jifi Saver will take care of the needs of the tech savvy and socially connected consumers like online shopping, on-the-go transactions, financial planning, etc. It also offers all benefits and functionalities of a regular savings bank account. Jifi Saver enables customers to earn savings interest rate of 6% p.a. on balance of above Rs 1 lakh and 5% p.a. on balance up to Rs 1 lakh. Further, the account offers extra transaction points for purchase from select ecommerce partners. To receive these points, customers can simply check offers through the Kotak rewards website/ and make purchases using their debit card. There are other benefits such as mobile and DTH recharge via Twitter, reward and transaction points, 25 free at par cheques per quarter and unlimited free transactions at Kotak Mahindra Bank ATMs. Shanti Ekambaram, president – Consumer Banking of the bank, said, Jifi Saver integrates the best of mainstream banking, digital innovation and social connect for today’s savvy consumer. It offers a holistic banking experience combining a secure technology platform and our pan-India branch network.

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