In process of making money simple ,Kotak Mahindra Bank has recently came up with Kotak Jifi Account ,which is a kind of non-interest bearing account ,however it does not have any minimum balance requirements .Also have facility of automatically creating term deposits if your balance crosses Rs 25,000 ,your spare cash will earn high interest .
Also when you sign up for Jifi account you will get Kotak Money Watch -Platinum subscription free for 1Year , 25 Loyalty point on transactions of more than Rs 500,Referral rewards I have already mentioned .
How its related with Social media is you can only open this account via your face book account or mail invitation ,however Facebook account is compulsory to open Jifi account as of now .
You can use Twitter ,to know your account balance ,transaction history & many more activities .
You will also get Rewards points if you refer your friend for Kotak Jifi account .To know more ,how banking has become social now ,please visit Kotak Official website for Jifi account .
Friends this is what I am talking about ,the new world of banking ,where people will not use only social media for chatting , messaging & entertainment ,but they will include their daily overheads & bit complex activities such as banking,shopping,bill payments etc through social media .Today everything will be now just a tweet away .
We will be waiting for the time ,when we will be able to use Net banking by just logging to our social media account ,like we do IMPS transfers now days by using mobile banking .