Micro ATM FAQs

Micro ATM FAQs

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How do I make payment towards my Credit Card bill?

You can choose to pay your Credit Card dues using the following options:

WebPay, Mobile Banking, Net Banking, Auto Debit,/NACH, Cheque or Cash Payment at Kotak Bank Branches.

Refer the modes of payment section for more information on Credit Card Payments.

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I do not hold a Savings/Current Account with Kotak, how do I pay my credit card bill?

You can pay your bill using our Web Pay service or pay via website

WebPay link - https://pgi.billdesk.com/pgidsk/pgmerc/kotakcard/kotak_card.jsp

(On selecting this link, the disclaimer pop up must appear and customer must be directed on selecting accept to webpay page

OR

Click here to view and pay your Credit Card bill -

Your payment will be credited within 3 working days

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What is minimum amount for credit card bill payment?

The minimum amount is generally computed as 5% of the total amount

due in your monthly credit card statement. Please note; EMIs, Joining Fees & all processing fees are added to your Minimum Amount Due in full. By paying this minimum due amount, you are not charged any late fees by the card issuer. However, making just the minimum payments on your due amount will attract finance charges on the entire outstanding balance including fresh purchases.

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What happens if I make minimum due payment for my credit card?

If you choose to pay only the Minimum Amount

Due or any amount greater than the Minimum Amount Due but less than the Total Amount Due, then interest calculated on a daily accrual basis on the outstanding amount is payable at applicable interest rates.

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How do I find out the credit card due amount?

You can refer to your monthly credit card statement

or visit the Kotak Mobile Banking App to check your Credit Card due amount.

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When should I pay my credit card bill?

Ideally it is advisable to pay your credit card bill

as soon as you receive it. You can pay it before due date to avoid any overdue charges.

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Why should I pay my credit card bill early?

If you pay off your credit card bill early,

you eliminate the chances of a default. You can, thus, avoid credit card interest payments on possible defaults or part payments.

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What happens if I pay my credit card bill late?

Late payment of your credit card bill will attract charges basis overdue

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What is credit score and how is it impacted due to my credit card payments?

A credit score is an indicator of a person's credit worthiness, or their ability to repay debt.

It is usually expressed as a number based on the person's repayment history and credit files across different loan types and credit institutions. Credit score is also known as a credit rating.

If you pay your bills on time, it will have a positive impact on your credit score.