Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has launched a savings bank account ‘Jifi Saver’, which can be managed via social networking websites such as Twitter & Facebook. Apart from targeting the youth that are active on the social networking sites, it also aimed at online shoppers. The savings bank account also offers several features such as mobile and DTH recharge via Twitter.

The customers can open a Jifi Saver account online, using their Facebook or Twitter credentials. This account enables customers to earn savings interest rate of 6 percent per annum on balance of above Rs 1 lakh and 5 per cent per annum on balance up to Rs 1 lakh.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.