Kotak Mahindra Bank links current accounts to Twitter

Kotak Mahindra Bank links current accounts to Twitter – Jifi Account.

Private sector lender Kotak Mahindra Bank launched a new current account product ‘Jifi’ directed at the digitally-savvy customer who soon will be able to undertake 21 such services like balance enquiry, heque book requisitioning, checking last few transactions using the microblogging website Twitter.

Kotak Mahindra Bank“All you need to do is to use the dedicated hashtags (#) for the activity you want to do. We have integrated all our systems with our core banking software and can seamlessly throw up the required result into the account holder’s Twitter handle as a direct message,” Kotak’s consumer banking head KVS Manian told reporters.

The account christened ‘Jifi’, also involves a host of loyalty-based reward points accrued from merchant transactions carried out using the account, referrals made and ‘sharing and commenting’ of tweets/updates.

The reward points – classified as transactional and social – can be redeemed for discounts with select online merchants or also transfered to friends, he said.

The account can be opened by a self-invite either via Facebook or an e-mail, the bank said, adding that existing account holders can also get a new account opened.

The bank is starting with 11 cities across the country, which witness a high traction for its online banking facility and will gradually take it to other cities.

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