Fees And Charges – Kotak Mahindra Bank

Fees & Other Parameters	Kotak 811 Credit Card
Joining Fees	₹500
Annual Fees	₹500
Joining Fees Waiver	NA
Annual Fee Waiver (2nd Year Onwards)	₹50,000 in an Anniversary Year
Add on Card Fees	₹200
Interest Charges on outstanding Balances	3.75% pm (Annualized 45%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	W.e.f 1st June 2025, MAD will be 1% TAD & 100% of EMI, Finance Charges, Fees/Charges & Tax as applicable, subject to a minimum of ₹100 else up to the TAD amount whichever is lower.
Late Payment Charges ("LPC")	Due as per last statement	LPC Charges
	<₹100	₹0
	₹100 - ₹500	₹100
	>₹500 - ₹5,000	₹500
	>₹5,000 - ₹10,000	₹600
	>₹10,000 - ₹25,000	₹800
	>₹25,000 - ₹50,000	₹1,000
	>₹50,000	₹1,200
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance	2.5% on advance amount , subject to minimum of ₹500
Over Limit Charges	500.0
Cheque Bounce Charges	Higher of (2% of bounce amount or ₹500)
Auto Debit Return Charges	2% of bounce amount subject to minimum of ₹450 and maximum of ₹5,000
Foreign Currency Mark Up	3.5% per Transaction
Railway Booking Surcharge Waiver (1.8%/2.5% on transaction amount)*	Waived
Fuel Surcharge Waiver (1% on transaction)**	Waived
Fee for Cash payment at Bank	₹100
Reissue/ Replacement Card (per Card)	₹100
Please note, w.e.f. 01st June, 1% transaction charge will be applicable on
Transaction Fees Charges	Utility Spends: 1% Transaction fee on cumulative spends >₹35,000 in a statement cycle Education Spends (via 3rd Party Apps): 1% Transaction fee will be applicable Wallet Loading & Online Skill based Gaming: 1% Transaction fee on cumulative spends >₹10,000 in a statement cycle Fuel Spends: 1% Transaction fee on cumulative spends >₹25,000 in a statement cycle
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 the Credit Card. Save Railway Surcharge of 1.8% for transaction on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters. Maximum Railway Surcharge Waiver allowed in a calendar year is Rs. 500/- *Fuel Surcharge Waiver applicable for transactions done in range of ₹500-₹4,000. Maximum Fuel Surcharge Waiver allowed in a year is ₹3,500

Disclaimer: Verbiage for Joining Fee (if applicable) will be displayed as Annual Fee on your monthly credit card statement. Thereafter you will be levied Annual Fee (if applicable) as per the most important terms and conditions of your credit card.

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