Developed for today's tech savvy and socially connected consumers with an active digital life, Jifi saver will take care of their needs such as online shopping, on-the-go transactions and financial planning, Deepak Sharma, Executive Vice President, Digital Services, Kotak Mahindra Bank, told reporters here.
This will also offer all benefits and functionalities of a regular savings bank account, he said, adding that it enables the customers to earn savings interest rate of six per cent per annum on balance of above Rs 1 lakh and five per cent on balance up to Rs 1 lakh, he said.