Kotak Jifi Neo/Saver/Pro – Experience A New Age of Digital Banking

Welcome to the new age of digital banking that offers you an unforgettable experience. With Kotak jifi neo, get ready to explore the revolutionized world of digital account, best known for giving you an unparalleled convenience. Now, you must be wondering what Kotak jifi neo is all about? So, stay tuned as we are going to reveal the suspense below!

Now you can easily access your account anytime from anywhere and do the hassle-free transactions while enjoying the multiple other benefits, all thanks to Kotak jifi. In fact, this jifi account also allows you to switch to the social way of banking by sending you the bank account updates via Twitter. What’s more, on all your online transactions, you can earn reward points and add friends to your jifi network as well. Sounds great, isn’t it? This account keeps you connected with your social network and at the same time solicits you to earn the interest on your saving account balance.

Yes, that’s right! On maintaining a savings account balance of over ₹1 lakh and up to ₹ 5 crs can fetch you 6% p.a. interest. If the balance amount is upto ₹1 Lakh, get ready to earn 5% p.a. interest. And, last but not the least, on savings account balance above ₹5 crs, enjoy the interest of 5.5% p.a. However, Kotak jifi neo comes with a zero balance account feature, wherein it is not mandatory for you to maintain a minimum balance in the account. But in order to activate the jifi account, a minimum amount of ₹5,000 is required, which you can later use for online transactions or other banking requirements. If we talk about the other variants of jifi such as saver and pro, they both come with a minimum saving account balance requirement of₹ 10,000 and ₹ 20,000 respectively.

Minimum Balance RequirementNo Minimum Balance
Account Activation Fee₹5,000
Interest Rates Offered6% p.a-Above ₹1 lakh and up to ₹5 crs
5% p.a-Up to ₹1 lakh
5.5% p.a-Above ₹5 crs
NEFT/RTGS/IMPS (per transaction) Through Net Banking-Free
EligibilityResident Indian Individuals
Age-18 Years or Above

Features & Benefits

  • Earn upto 6% interest p.a. on savings account
  • Zero Balance Account
  • Free Virtual Debit Card
  • Fund Transfer Facility-Online and Offline
  • Prepaid mobile & DTH recharge, Account updates, cheque book request and many more account activities just a tweet away
  • Receive Bank Updates via Twitter
  • Do Transactions and get rewarded
  • Free NEFT through Net Banking
  • Add Friends to your jifi Network
  • Easy & Anytime Accessible

Documents Required

Personal Details:  PAN Card/ Aadhar Card / Passport

Communication Details:Electricity/Telephone Bill.

In the absence of these documents, other relevant KYC (Know Your Customer) documents will be accepted.

Frequently Asked Questions (FAQs)

What is the Process of Applying for a JiFi Account?

Just sign up with your email ID from the option easily available on the home page and fill the online application form to apply online.

When Can I Expect My JiFi account to Get Activated?

After filling the application form online, you can expect your account to get activated within 7-10 working days.

Do I need to maintain a minimum balance?

No, it is not compulsory for you to maintain a minimum balance in the account. However, to activate your account and as a part of a verification process, a sum of ₹5,000 is required.

How Can I Add Money to My JiFi Account?

Funding your account is a simple and easy process as you can add money online through Net Banking or Debit Card transaction from your other bank account(s). Else, you can also give a cheque to the bank executive while opening your JiFi account.

How Much Interest I Earn with Kotak JiFi ?

  • 6% p.a – Above ₹1 lakh and up to ₹5 cr
  • 5% p.a – Up to ₹1 lakh
  • 5.5% p.a – Above ₹5 cr

Can I Transfer Funds Through My JiFi Account?

Yes, you can easily transfer funds-both online and offline vai using this account. No online charges will be applicable while transferring funds using NEFT/RTGS/IMPS whereas, offline charges may apply.

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%