Management Co. Ltd. Kotak Securities Ltd.
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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
The Kotak NRI Royale Signature card comes at an Annual Fee of Rs. 1000/-
Kotak Credit Cards symbolize the following guiding principles:
Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.
Kotak Credit Cards are transparent in communicating upfront what the card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this card.
Kotak Credit Cards have understood what you need the most from your credit card, and have been designed to give you only those benefits that are most relevant for you.
This promise from Kotak ensures that you only get the best from your credit card!
The Kotak NRI Royale card has been specifically designed for the High Income or High Net worth NRI individuals. We have kept in mind your lifestyle requirements and the relevant benefits so that you could derive the maximum out of it.
The Kotak NRI Royale Card is a VISA Signature card.
Besides this, enjoy a complete hassle free process on the reward points and fuel surcharge waiver at any pump, complete railway surcharge waiver & exciting EMI that no one else offers.
There are no joining fees on the Kotak NRI Royale Card. The annual fees are Rs 1000.
Yes, there are reward programs for this card.
The interest applicable to you is 3.1% per month.
Cash limit on the card refers to the percentage of your credit limit which you can take as a cash advance. While most other cards offer a 40% cash limit on joining only Kotak NRI gives you a higher cash limit of 90%.
If your transactions cross 100% of your credit limit, you will be charged a flat over limit fee of Rs. 500 in each billing cycle that you are over limit.
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Yes, Add-on Cards are available on NRI Royale Card for a onetime fee of Rs. 599 per card.
Yes, all Royale features can be availed by the add on card holder.
No, there is no cash back on this card.
Interest charges = (Number of days for which a balance is held) * (Amount) * (Daily rate of interest)
Daily rate of interest = (Monthly interest rate) * 12/365
Daily rate of interest = (3.1%) * 12/365 = 0.1019%
Most credit card companies have tie-ups with only a select oil companies and hence the waiver is valid only at select petrol pumps, but Kotak Aqua Card will offer the customer fuel surcharge waiver across all domestic petrol pumps.
The minimum is Rs. 500 and the maximum is Rs. 3000.
The maximum transaction amount for a single swipe is Rs 3000. Hence the maximum surcharge waiver can be Rs. 75 (2.5% of Rs 3000).
Maximum Fuel surcharge waiver allowed in a calendar year is Rs.3500
On purchasing of rail tickets online the customer levied a 1.8% surcharge. Kotak NRI Signature Card offers you a Railway Surcharge Waiver on this.
You can earn up to Rs 500 annually as Railway Surcharge waiver.
2.5% surcharge waiver is applicable at booking counters as well if you use your Kotak NRI Royale card to buy the tickets.
No there is no special service offered. The surcharge will be automatically reversed if you cancel the tickets.
On the Kotak Credit Card the insurance cover is for Lost/stolen card /fraudulent charges provided by HDFC ERGO General Insurance Company.
If your credit card is lost or stolen, HDFC ERGO General Insurance Company will reimburse the unauthorized charges on your lost or stolen card, up to 7 days prior to your first reporting the event to Kotak Credit Card Customer Care.
Insurance is provided on both the primary card and the add-on/supplementary cards. We recommend that you read the Most Important Terms and Conditions and Cardholder Agreement for further details.
HDFC ERGO General Insurance Company will not pay for any expenses or loss for:
The sum insured is Rs.25,000.00 / 50,000 / 75,000 / 2,50,000.00 per annum for Silver, Gold, Platinum/Titanium and Signature cards respectively.
Please submit the following mandatory documents to HDFC ERGO within 7 days from day of event / loss
to register your claim -
The Claim form and Dispute form can be downloaded from http://www.kotakcards.com. The settlement of the claim registered by you will be subject to approval of the claim by the Insurance Company after independent investigations and shall be limited to the eligible insurance amount as per your card type as mentioned. Kotak Credit cards will not be responsible for any disputes arising out of any claims. All claims will be directly handled by HDFC ERGO General Insurance Company.
If the insurance claim is approved by the Insurance Company the disputed transaction amount[s] would be credited to your card account, subject to the eligible insurance amount. In case the disputed amount exceeds the eligible claim amount you shall be liable to pay for the excess amount of the disputed transaction(s) as reflecting in your Kotak Credit Card Statement.
In case if you fail to register your claim with the Insurance Company or if your claim is rejected by the Insurance Company you will be liable to pay the amount of the disputed transaction(s) as reflecting in your Kotak Credit Card Statement.
Please note: For redemption against Airline tickets / Merchandise / Mobile recharge,Reward Points have to be converted to EasyPoints. 1 Reward Point = 2 Easy Points.