EXCLUSIVE CARD FOR NRIs, ISSUED AGAINST FIXED DEPOSIT

Kotak NRI Royale Signature Credit Card

Kotak NRI Royale Signature Credit Card - Our Money Guide Our Rating 3.25
Top Reasons to Choose
✔︎
Card for NRIs : No income proof and credit history in India required since the card is issued against a fixed deposit
✔︎
Complimentary airport lounge access in India - 2 per quarter
2%
Benefit on international card spends
Annual Fee

₹1000

  • Nil
Minimum Income

Not specified

2% benefit on international card spends
– You earn 2 reward point worth ₹2, on every ₹100 you spend on card purchases outside India.
– 1 reward point = ₹1. You can redeem your rewards points on Kotak Rewards (rewards redemption platform), for a variety of shopping e-vouchers, mobile recharges, travel, movies and more.

1% benefit on all other card spends
– You earn 1 reward point worth ₹1, on every ₹100 you spend on all other card purchases.
– 1 reward point = ₹1. You can redeem your rewards points on Kotak Rewards (rewards redemption platform), for a variety of shopping e-vouchers, mobile recharges, travel, movies and more.

Complimentary airport lounge access in India – 2 per quarter

Fuel surcharge waiver, upto ₹3500 per year 
– You get a 1% fuel surcharge waiver at all fuel pumps across India
– Only on fuel transactions between ₹500 and ₹3000, and
– Only on yearly fuel purchases of upto ₹3.50 lakhs (since the maximum waiver amount is limited to ₹3500 per year).

Railway surcharge waiver, upto ₹500 per year : You get surcharge waiver for railway ticket bookings–
– 1.80% surcharge waiver for transactions made on the IRCTC website
– 2.50% surcharge waiver for transactions made at Indian railway booking counters
– Maximum waiver of ₹500 per year

Benefits
– Card for NRIs, especially useful when they visit India
– No income proof and credit history in India required since the card is issued against a personal fixed deposit

Drawbacks to consider
– Low rewards and benefits


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