NRI Card Benefits
At Kotak, we pride ourselves for being recognized as the Global Indian Bank. Thus, we are proud to present the Kotak NRI League Platinum Credit Card. A Credit Card that is loaded with features that are tailor made for the Indian abroad.
The NRI Credit Card can be applied for against an NRE/NRO Term Deposit of Rs.1 lac or above. The credit limit offered can be as high as 80% of your Term Deposit amount. Other than the convenience it offers to NRIs and their family members, the Kotak NRI Credit Card comes with a host of customised features:
2X Rewards on International spends
- Earn 2X rewards on international spends; i.e. earn 2 rewards points for every Rs. 200 spent
- Earn 1 reward point for every Rs. 200 spent within India
- Auto encashment of reward points every 3 months
- 1 Reward Point = Re 1/- or 1 Airmile*
Choice on Rewards- Auto redemption of rewards
You can choose to have your reward points automatically encashed to your Kotak NRI Credit Card statement every three months
OR - Airmiles
Convert your reward points to Airmiles from our Airline partners Kingfisher, Jet and Air-India.
Freedom to purchase & pay in INR- While traveling to India, save the mark up fee charged on your credit card issued outside India or the hassles of currency exchange
- Enjoy the benefit of paying for your purchases, travel and dining in Indian Rupees
Fuel Surcharge Waiver- 2.5% fuel surcharge waiver across all petrol pumps in India
Gift an Add-on Card- Gift an add-on card to your spouse, parents or children (above 18yrs) and extend the benefits of the NRI League Card to your loved ones
- The add-on card would be issued irrespective of location or citizenship status
- One time fee of Rs. 599 per add-on card is applicable
NRI League Shield
- In case your Credit Card is stolen, you get a cover of Rs. 1,00,000 against fraudulent usage upto 7 days pre-reporting.
- You are required to immediately call Customer Contact Center (1800 102 6022) and get your card deactivated / blocked to prevent misuse and register a claim with the Insurance Company
- Know More
Please Note: The Kotak NRI League Platinum card comes at an annual fee of Rs.1000.
Minimal Charges; Simplified for You
- Charges
- Other's Complicated Fees
- Kotak Flat Fees
- Late Payment Charge
- Range Rs. 300/- to Rs. 600/- with 30% of Minimum Amount Due
- Rs. 550/-
- Over Limit Charge
- 2.5% on over limit amount (subject to a minimum of Rs. 500/-)
- Rs. 500/-
- Cheque Bounce Payment
- 2.5% of amount or Rs. 250/- whichever is lower
- Rs. 500/-
- Cash Withdrawal /
Call a Draft /
Fund Transfer
(Per Rs. 10,000/- or part thereof) - 2.5% or Rs. 250/- to Rs. 300/- whichever is higher
- Rs. 300/-
- Foreign Currency Mark Up
- 3% to 3.5%
- 3.50%
- Interest Charges
- 3.10%
- 3.10%
- Add-on Card
- Bank dependent
- Rs.599 per card
- Annual fee
- Bank dependent
- Rs. 1,000/-
- Cash Payment at Branch*
- Bank dependent
- Rs.75
- Service tax & education cess, would be charged as per statutory regulations on the interest & fees and other charges charged on your Credit Card
- * Charge applicable with effect from 20 Sept 2010
Kotak No Charge Advantage
- Other Charges
- Other Credit Card Charges
- Kotak Credit Card Charges
- Balance enquiry at other ATMs
- Lost card replacement charge
- Charge slip retrieval charge
- Joining fee
- Renewal fee
- Machine surcharge at ATMs
- Charge for duplicate statement