Kotak Mahindra NRI Royale Signature Credit Card is designed for Non Resident Indians. Users get benefits such as accelerated reward points on international spend, lounge access and so on. Continue reading to know more about this card.
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Note: Kotak Mahindra Bank is not taking new credit card applications. Content on this page is for information purpose only.
The features and benefits associated with Kotak Mahindra NRI Royale Signature Credit Card are:
Reward Points Customers earn 2 Reward Points for every Rs. 200 spent overseas. 1 reward point is earned on transactions made in India.
1 Reward Point = Rs. 1
Fuel Surcharge Waiver Get Fuel Surcharge waiver up to Rs. 3,500 in a year on fuel transactions made between Rs. 500 and Rs. 3,000 in a statement cycle
Security Get up to Rs. 2.50 lakh as insurance against fraudulent transactions made up to 7 days before reporting
Lounge Access Complimentary access to airport lounges in India
| Kotak Mahindra NRI Royale Signature Credit Card | |
| Good For:
People who want a premium credit card Indians who reside overseas Cardholders who want lounge access |
Bad For:
Indian Residents People who want a low foreign currency mark up card Cardholders who want concierge services |
| Fee/Charge | Amount |
| Annual Fee | Rs. 1,000 |
| Add-on Card Fee | Rs. 599 |
| Finance Charges (Interest Rate) | 3.10% pm / 37.20% pa |
| ATM Cash Withdrawal Charges | Rs. 300 |
| Late Payment Fee | Rs. 100 – For outstanding balance less than Rs. 500 Rs. 500 – For outstanding balance between Rs.500 and Rs. 10,000 Rs. 700 – For outstanding balance greater than Rs. 10,000 |
| Overlimit Fee | Rs. 500 |
| Cheque Bounce Charges | Rs.500 |
| Foreign Currency Markup | 3.50% of the amount |
| Cash Payment Charges | Rs. 100 |
| Card Reissue/Replacement Charges | Rs. 100 |
| CIBIL Report Copy | Rs. 50 |
Certain documents will be asked for by the bank to establish the applicant’s income, identity and address. Customer can submit any one of the documents to establish the same.
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
Customers can apply for this credit card by visiting the nearest Kotak Bank branch or by visiting the website.
Applicant will have to submit the self-attested photocopies of their Know Your Customer (KYC) documents when applying for this credit card via branch visit. In case they have applied for this credit card via the bank’s website. Then a representative from the bank will get in touch with the customer to set a date and time for document collection. Give the representative the self-attested photocopies of the KYC documents. Post verification the customer can expect to receive the credit card in about 15 days.
Suggested Read: Kotak Mahindra Bank FD Interest Rates
Who can apply for Kotak Mahindra NRI Royale Signature Credit Card?
Non-Resident Indians who have a valid Indian address and are between the ages of 18 and 70 can apply for this credit card.
Is it necessary to have a Non-Resident Rupee (NRE)/ Non-Resident Ordinary Rupee (NRO) account?
Yes, only customers that have a NRE/NRO account can apply.
Is this a secured or unsecured credit card?
Kotak Mahindra NRI Royale Signature Credit Card is a secured credit card issued against a fixed deposit.
Is there an add-on card fee?
Yes, Kotak Bank does charge a fee of Rs. 599 to issue an add-on credit card.
