Here’s why you should use Spendz


Manage Daily Expenses Better

Keep track of your finances and transactions, no matter the amount!


Assured Cashback On Daily Payments

Enjoy 1% cashback on your daily spends made through your Spendz Card! No cap on cashback and no minimum spends!


Flexible Payments

From UPI, to net banking, to merchant outlets, Spendz supports it all!


Spendz Deals




How to open Spendz?

Opening Spendz is as simple as 1-2-3! Follow the steps below to start your Spendz journey:

  1. Login to Kotak Mobile Banking App
  2. Tap on Spendz in the Bank Section
  3. Agree to Terms & Conditions and tap on Apply Now
  4. Authenticate using your MPIN, and you’re done!

What are the fees and charges associated with Spendz?

You can open the Spendz prepaid instrument at zero cost.. Nada! We ensure that the super cool Spendz services are fairly charged and no hidden fees are applied.

Here is a complete list of charges applicable on the services: General Schedule of Features & Charges

Which payment methods can be used to pay via Spendz?

Your Spendz gives you the freedom to spend in all the ways YOU want to!

You can use the Kotak Mobile Banking App to make instant payments through your Spendz UPI. Also make payments conveniently with just the mobile number through our Pay Your Contact facility or scan any UPI QR code with our Mobile App’s Scan & Pay feature.


Please note:

  • Your Spendz UPI can make your everyday payments smarter & quicker but do not use it for fund transfer to other accounts.
  • Facility of transferring funds through NEFT, RTGS, IMPS, IMT, etc. has been blocked for additional security.


What’s more, you can also make the following domestic transactions using your Spendz Card:

  • Make In-Store Payments
  • Shop Online on Ecommerce Apps/Websites
  • Tokenisation on Google Pay, etc.
  • Contactless Tap & Pay
  • Autopay for Subscription Services
  • ATM Cash Withdrawal

How to add money in Spendz?

Pre-load your Spendz and make all your everyday payments and shopping more convenient and secure. Simply follow these steps on how you can add money and start making smarter spends today!

Adding money in Spendz is easier than you’d ever imagine!


Follow these steps for a smooth process:

  1. Log into Kotak Mobile Banking App
  2. Tap on 'Spendz' under 'Bank' section
  3. Tap on Add money
  4. Select the account from which you want to transfer money to Spendz

Enter your MPIN & you’re done!

Is there a monthly balance commitment in Spendz?

Your Spendz, your convenience! There is no commitment to maintain a minimum monthly balance in your Spendz. However, your Spendz balance cannot exceed Rs. 1.75 lakhs, at any point of time.

How to opt for Spendz Card?

As you know, Spendz is a prepaid instrument that allows you to transform your spending decisions into smarter ones. If you love Spendz, then you’ll adore what we’re offering; a physical Spendz card for use at merchant outlets, online shopping and ATMs.


Follow the steps below to begin your Spendz Card journey! 

  1. Log into Kotak Mobile Banking App
  2. Tap on ‘Spendz’ under ‘Bank’ section
  3. From the Spendz main screen, tap on ‘get a physical card’
  4. Confirm your mailing address
  5. Carefully read & accept the terms and conditions
  6. Congratulations, your Spendz card is on the way!

When will the cashback be credited in Spendz Prepaid Instrument?

You will get the cashback for the payments made in a particular month by the 10th of the next month.

What are the transaction limits of Spendz Card?

Take your Spendz experience to the next level by understanding usage limits and card controls. Here’s how you can use them to get more out of your Spendz today! 

Default Limits for Spendz Prepaid Instrument:

  • Maximum balance in Spendz, at any point of time: Rs.1.75 lakh
  • Daily UPI Limit: Rs.1 lakh
  • Per Transaction UPI Limit: Rs.1 lakh


Default Transaction Limits for Spendz Card:

  • Daily ATM withdrawal limit: Rs.25,000
  • Daily Merchant Payment Limit: Rs.1 lakh

Kindly note: The card limits are pre-set limits and can be edited through the Spendz ‘Card Control’ section in the Kotak Mobile Banking App.


To set/reset the transaction limit on your Spendz card, you must first enable it for online transactions:

  1. Log into Kotak Mobile Banking App
  2. Tap on ‘Spendz’ under ‘Bank’ section
  3. Go to ‘Control Center’ at the bottom of the Spendz main screen
  4. Tap on Card Controls
  5. Select your Spendz Card
  6. Enable online transactions such as E-commerce, Contactless, Tokenization, etc.

Under Limit Management/Controls, set the transaction limits as per your convenience

How to set/reset the PIN of your Spendz Card?

Here’s how you can go about it: 

  1. Log into Kotak Mobile Banking App
  2. Tap on ‘Spendz’ under ‘Bank’ section
  3. Go to ‘Control Center’ at the bottom of the Spendz main screen
  4. Click on Set Pin
  5. Select your Spendz Card
  6. Enter your new PIN

Re-enter new PIN and Confirm