A leading private sector bank in India, Kotak Mahindra extends a plethora of banking and ancillary services in India. Under its credit card portfolio, this Mumbai headquartered bank offers a massive range of cards to suit the ever diversifying needs of the new age Indian. Along with a wide range of cards based in categories such as Shopping, Lifestyle, Corporate, Dining/Entertainment, Kotak Mahindra bank also offers credit cards for Non Resident Indians(NRI).
The NRI Royale Signature Card is the flagship card in the NRI category, available against an NRE/NRO Term Deposit account with a minimum investment of Rs.1 lac. The cardholder qualifies for a credit limit for up to 80% of the TD amount.
The credit card is only available to NRE/NRO customers of the bank who are either holding or willing to open a Term Deposit account of at least Rs.1 lac.(Only individual TDs). General eligibility conditions are as follows.
|Joining Fee||No Fee Charged|
|Late Payment Charges||Rs.100 to 700, depending on the O.S balance|
|Cash Withdrawal/Call a Draft/Funds Transfer||Rs.300 for every Rs.10,000 withdrawn/transaction|
|Add On card||Rs.599 per card|
Note: The fees and charges are subject to periodic revision. Do inquire with the bank at the time of application or read the T & C document available in the welcome kit for latest rates.How to Redeem Reward Points:
The reward points accumulated can be redeemed for Merchandise, Air Tickets & Airmiles, Cash, Movie Tickets and can also be used for Mobile Recharges. For redemption against specific rewards, the accumulated Reward Points will be converted to Easy Points.
1 Reward Point = 2 Easy Points.
Points can be redeemed online at kotak.com in easy steps. Use the Netbanking option and login using your CRN and password. Select â€œCredit Cardsâ€ and choose the redemption option of your choice and follow the instructions.
Yes, you can. This card offers a higher cash limit of 90%(of the total balance) for cash advances compared to credit cards from other banks. Plus, you can make cash withdrawals at hundreds of ATMs abroad as this is a VISA Signature card.
This card is billed an interest rate of 3.1% per month(37.2% APR).
There is no joining fee billed for the Primary Card. Add On cards are charged a one time fee of Rs.599. Subsequently, no fee is charged for supplementary cards annually. All features and benefits available for the Primary card are extended to Add On cards as well for ease of use.
Please call the Customer Contact Center on 1800 102 6022 immediately to report loss of card. Ensure the card is blocked immediately to prevent misuse. If your card is not recoverable, request for a new card. If it was stolen, please notify the executive and lookout for unauthorized charges.
Your card is covered against fraudulent charges up to Rs,2,50,000 by HDFC ERGO. Submit the documents listed below within 7 days of reporting the card as stolen.
Claim form duly filled and signed
Filled Dispute form
Copy of the FIR
The forms and relevant documents can be mailed to the address provided. The Claim and Dispute forms are available on kotakcards.com.
No. There is no feature of cash back on this card.
The cardholder can receive up to Rs.500 as waiver for Railway Surcharge.
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