White Reserve Credit Card - Fees and Charges
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
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Understand the fees and charges involved

Fee & other Parameters White Reserve (Paid Variant)
Joining Fees Rs. 12,500
Annual Fees Rs. 12,500
Condition for waiver of Annual Fees Annual Spends of Rs 10lac
Addon card Fees Nil
Interest Charges on outstanding Balances 3.5% (Annualized 42%)
Minimum Amount Due (MAD)
(It will reflect in statement in column of minimum amount due)
MAD can be 5% or 10% of TAD as decided by the Bank
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/
Cash Advance per Rs. 10,000 or part thereof
2.5% on advance amount, subject to minimum of ₹500
Late Payment Charges ("LPC") Due as per last statement LPC charges
<₹100 ₹0
₹100 - ₹500 ₹100
₹501 - ₹5,000 ₹500
₹5,001 - ₹10,000 ₹600
₹10,001 - ₹25,000 ₹800
₹25,001 - ₹50,000 ₹1,000
>₹50,000 ₹1,200
Over Limit Charge Waived
Cheque Bounce Charges 2% of bounce amount, subject to minimum of ₹500
Standing Instruction Failure / Auto-debit return fee 2.0% on bounce amount, subject to minimum of ₹450
Foreign Currency Mark Up 2.0%
Fuel Surcharge (1% on transaction)* Waived
Fee for Cash payment at Bank Waived
Outstation Cheque Processing Fee Waived
Reissue/ Replacement Card (per issunace) Waived
Charge Slip Request Waived
Machine Surcharge at ATMs Waived
Balance Enquiry Charges at Non Parent Bank ATM Waived
Duplicate Statement Request Waived
Furnishing a copy of Credit Information Rs. 50
Web Pay Service Fee Waived

Waiver of fees for Credit Cards linked to Programme is subject to maintaining eligibility of respective Programme.

Programme refers to Kotak Bank and Group product propositions like Privy League Black / Privy League Platinum / Privy League Neon programme / Private Banking / Corporate Salary programme. For details on the programme eligibility and cards offered, please visit www.kotak.com

In case, programme eligibility is not met or if customer is degraded from higher variant programme to lower variant, customer will not be given programme linked fee waiver and will be required to pay Joining/Annual fees

Please Note:
GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card
*Fuel surcharge to be waived only for transactions between values of Rs. 400 - Rs. 4000. Maximum Fuel surcharge waiver of Rs. 4500 in a calendar year