Kotak Mahindra Bank launched credit cards to its customers for the first time during 2008. In 2010, it launched a credit card known as Kotak Trump Card which offered 10% cash back on spending for dining, movie and play.
Kotak Mahindra Bank is one of the popular banking and financial services group in India.
It offers a wide array of financial services that encompass every domain of life. It is headquartered in Mumbai.
In the year 1985, Uday Kotak launched Kotak Capital Mahindra Finance Ltd. It was promoted by Uday Kotak, S.A.A. Pinto, and Kotak & Company. The company’s name was changed to Kotak Mahindra Finance Ltd on April 8, 1986.
In February 2003, Kotak Mahindra Finance Ltd secured a license from the country’s Central Bank -RBI to carry on the banking business in India. It became the first non-banking finance company in India which converted to a bank.
The firm mainly deals with the management of fixed deposit mobilization, leasing and hire purchase, bill discounting, corporate finance, financing against securities, investment banking, consumer finance and clients’ money management.
It has a network of 2,169 ATMs, 1,369 branches in India. During 2018, the Kotak Mahindra Bank was the second largest private bank in terms of market capitalization followed by HDFC Bank.
Kotak Mahindra acquired ING Vysya Bank in the year 2015 in a deal which was valued at Rs 15,000 crore. With the merger of ING Vysya with Kotak Mahindra the total number of employees increased to almost 40,000 and the number of branches reached 1,261. Post-merger, ING Group which previously controlled ING Vysya Bank, owns 7% stake in Kotak Mahindra Bank.
The following are the features of Kotak Mahindra Bank’s Credit Card:
• Pay By Points – The Kotak Mahindra Bank provides an opportunity to the cardholders to pay without cash for all kind of transactions. The cardholder can pay the bill using the card by encashing on the accumulated reward points at the merchant terminal of the bank’s partners which include Godrej Nature’s Basket, ONLY, Globus, Vero Moda and so on.
• Convert to EMI – Kotak Credit card offers EMI to the cardholders who can purchase and convert the same into easy EMIs within a period of 15 days. Convert any of the purchases above Rs 3,000 and within a credit limit of 75% to EMIs. This facility is not available for gold transactions.
• Outstanding Credit Balance to EMI – Kotak Credit card offers shop hassle-free convenience to its customers. The cardholder can convert the outstanding credit card balance to easy EMIs. The facility is not available for gold transactions. It offers the lowest interest rate of 1.16% on EMIs for a tenure of 3 months. The bank does not charge any foreclosure fee.
• One Assist- Kotak Mahindra Bank offers One Assist to secures the card from theft. In case of loss of card, the cardholder can call from anywhere in the world to block all the cards in his/her lost wallet. The bank will replace lost PAN and Driving license for free. Lost card fraud cover is up to Rs 2,50,000 for a period of 30 days prior to reporting the loss. Post reporting the loss of card, get complete protection on the lost card.
Kotak Mahindra Bank understands the variety of the desires of our customers. Therefore Kotak Bank provides a variety of credit cards focusing on your shopping attitudes. The credit card rewards are classified based around your interests such as movies, shopping, complimentary lounge access, travelling, dining and more. Make a purchase on your go with Kotak Credit Card and get amazing reward points for every transaction. Explore the wide range of Kotak credit cards, and compare them to find your ideal spending partner. With Kotak Credit Card you can even do more such as:
Online Fund Transfer: Get an interest-free credit period of 90 days and also get an option to transfer the outstanding balance from other credit cards to your Kotak Credit Card to conveniently manage your debt.
Easy Cash Withdrawals: With this facility, you can withdraw cash anytime anywhere. You can access this cash at nearest ATMs, branches, by requesting for a demand draft or transferring funds online.
Bill Payments: With the bill payment option provided by Kotak never miss the due date of your bill payment. You can pay for your utility bills, credit card bills and more from your Kotak VISA Credit Card.
Reward Points: For any payment made with credit cards, you will receive loyalty points. The accumulated reward points can be redeemed against tons of products and categories.
Increase your credit rating: Paying the outstanding of your Kotak Credit Card allows you to enhance your credit rating. Having a good credit score helps you to avail a loan at an affordable interest rate.
Cashback and Offers: You can also receive amazing cash-backs on select purchases when making purchases with Kotak credit cards. Many merchants also offer amazing deals and discounts for making a purchase through Kotak Credit Card.
Flyer Miles: As a Kotak Credit Cardholder you can enjoy flyer miles any time you buy a flight ticket. You can redeem the accumulated flyer miles to book another flight ticket.
Global Acceptance: Kotak credit card is internationally accepted as a reliable means of payment throughout the globe.
Using Kotak credit card services, protect your credit card and other details stored on your mobile and wallet against fraud. Your mobile phone and wallet are one of the most essential belongings. Now you can protect them from stealing with One Assist service provided by Kotak Mahindra Bank.
Steps to apply for OneAssist
Call One Assist on 08080 333 333 or type '1AKOTAK' and send it to 5676788
Generate an OTP every time you make a transaction on your mobile in order to secure your transaction. You need to enter an additional password every time you make a payment or service on your phone to ensure your transaction more secure. Kotak Credit Card enables you to initiate online transactions more securely without leaving your comfort through OTP for authentication purpose.
Know more about One Time Password
Process to generate
Kotak credit card services allow you to convert your credit card dues into easy EMI options with minimum interest rates. Experience hassle-free shopping through easy EMIs by using your Kotak Bank Credit Card.
Process to convert outstanding to EMI
SMS <BALEMI> to 5676788
Or call the customer care center at 1860 266 2666
Below are the steps to apply for Kotak Credit Card via online and offline
Offline Process to apply for Kotak Credit Card
Applicants can directly walk into the nearest branch of the Kotak Mahindra and express there desire to obtain a credit card from the bank.
The bank executive will explain you about the features of all the credit cards after understanding the annual income, needs, and requirements of the prospective customer.
Once the applicant zeroes in the card as per the requirement, he/she will be asked to fill in the application form and enclose the required documents which include PAN card, identity proof, address proof, income proof and so on.
The bank representative will thoroughly go through the application form along with the other submitted documents provided by the applicant and will take a final call whether the applicant meets the eligibility criteria for the credit card for which they have applied for. Once the check is done the applicant will be provided with the desired credit card.
It will be at the discretion of the Kotak Mahindra Bank to decide if a customer has to be given Credit Card or not.
Online Process to apply for Kotak Credit Card
Prospective customers have to visit the web page of the Kotak Mahindra Bank and select the credit card section in the home page and check the list of credit cards offered by the bank and zero in on the best credit card that suits their needs and requirements.
After choosing the credit card, the customer has to click on the ‘Apply Now’ option which takes them to the new web page wherein they have to validate if they are an existing Kotak customer.
If you are an existing customer of Kotak Mahindra Bank then you will be asked to enter CRN/Customer ID and Mobile Number to proceed further.
If you are not an existing Kotak Mahindra Bank customer then you will be asked to fill in the following list of details as under
• First Name
• Email ID
• Mobile No
• Date of Birth
• Employment Details
• Residence City
• Residence Pin code
• Net Income Per Month
After filling in all the above-mentioned details, the customer has to click on Proceed button, a one-time password (OTP) will be sent to your registered mobile number which has to be typed in the given the given space to confirm the mobile number.
On receiving the request from the customers, the Kotak Mahindra Bank executives will give a call to the customer and will ask them to submit the required documents. Upon the receipt of the required documents and the scrutiny of the same, the customer may or may not get the desired credit card from the Kotak Mahindra Bank.
It is solely at the discretion of the Kotak Mahindra Bank to issue a credit card to a customer.
To apply for a Kotak Mahindra Credit Card, one has to fulfill the following criteria:
• Should be Resident of India.
• The primary cardholder should be aged between 21 years and 65 years.
• Add-on cardholder should be 18 years and above.
• The applicant should be located in one of the following region Ahmedabad, Bangalore, Chennai, Delhi (including Gurgaon and Noida), Navi Mumbai, Mumbai, Chandigarh, Kolkata, Hyderabad, and Pune.
• Income requirements of the cardholder differ from one credit card to another.
The following mentioned documents are required
• PAN Card Photocopy
• Form 60
• Recent color photograph
Proof of Income
• Latest Payslip
• Form 16
• Income Tax Return copy
Residential Address Proof
• Ration Card
• Electricity Bill
• Landline telephone bill
Identity Proof (Any one of the following)
• Election Voters ID Card
• Driving License
• PAN Card
• Aadhaar Card
Kotak Mahindra offers Kotak Netc@rd for net banking users and it can be used to make online transactions across all merchant website which accepts VISA cards. A virtual credit card (VCC) is a card that is created digitally and has no physical meaning. One of the most loved benefits of this card is you do need to carry the physical card with you, just with a virtual card you can secure your physical credit card during an online purchase.
Key benefits of Kotak Netc@rd
The Kotak Netc@rd 's unique characteristics and massive benefits are described below. It is a one-time usable virtual credit card for initiating an online purchase.
Kotak Mahindra Bank has set the mentioned eligibility criteria to make the service accessible to the majority of people and to offer the convenience of having a virtual credit card.
Kotak bank has set a minimum and maximum limit for card generation which varies from time to time. The minimum cap is Rs.100 and the maximum cap is Rs.50,000 per day, depending on the number of cards initiated. Currently, the facility is completely cost-free.
By utilizing net banking the card can be generated easily. By following the following steps you can generate a Kotak NetC@rd
This would not be unfair to suggest that credit cards have utterly revolutionised the way of spending for the individuals of India. This financial product has had a huge influence on the financial environment and is extensively used globally. Credit cards have probably had the most important effect on the economy since their arrival in the 1950s. These charming plastic cards have altered the economy. Customers today tend to pay for the same by cards, either debit or credit, by paying for any goods / service via cash, while credit cards are more widely adopted. The explanation of why credit cards are essential is many.
This financial instrument is chosen mostly for the ease it provides as it is approved on every merchant platforms online as well as offline. In addition, using credit cards will lead to various rewards and advantages such as loyalty points, AirMiles and so on that can be redeemed from a list for cheaper air tickets, etc. Consequently, cardholders can also benefit from shopping and dining offers by using their credit card. Presently, almost all the banks and other financial institutions offer credit cards to individuals. There are a variety of various credit card forms that are structured on the benefits and services they offer.
If you feel that you do not meet the eligibility criteria set by the bank to apply for a credit card or if your credit card application has been rejected, there are many ways to improve your credit card eligibility. Here are some of the ways to improve your credit card eligibility:
Improve Your Credit Score: You can improve your credit card/loan eligibility by increasing your credit score. Lenders place a lot of importance on your credit score.
If your credit rating is low, consider closing your existing loans, paying your bills on time, or paying off your credit card balance. When you make healthy financial changes, your credit score will improve. After you close a line of credit, check your credit score after a month for the updated score. Apply for a credit card after increasing your credit score.
Don't default on your payments: When your credit card application is being processed, make sure you pay all of your bills on time. Your credit card provider will be able to see if you default on your payments and might reject your request if you are not a quick payer.
Say No to Multiple Credit Card Applications: As mentioned earlier, avoid making multiple serious requests while you have submitted a credit card application to a bank. It will make you look like a desperate borrower.
Using Kotak credit cards you can get unique exposure to a variety of perks. Reward points, cashback, fuel surcharge waivers, complimentary movie tickets and access to the airport lounges. Kotak also crafted certain cards to match your lifestyle and taste. So let’s explore the key benefits of Kotak Bank Credit Cards based on different categories.
Explore the best reward credit cards offered by Kotak with different perks and benefits.
Existing and new users of Kotak Credit Card, please follow the below-given steps for sign in to the Kotak Credit Card net banking platform.
How to Register
How to Login
Spend through Kotak Credit Card and convert all your purchases into EMIs. Take advantage of this facility for tenures ranging from 3-48 months. Enhance your banking and shopping experience like never before and start paying with easy EMIs through your Kotak Credit Card.
Process to avail
You can avail EMI, by following the below given steps.
1. Through net banking
2. Through Mobile Banking
3. Through SMS and Customer Care Service
SMS < EMI > and send it to 5676788 from your registered mobile number.
Get in touch with the customer care service by dialling 1860 266 2666 (local call rates apply)
Now convert your online or in-store purchases into instant EMI using your Kotak Credit Card. Just swipe your card at any store and checkout instantly for your purchase,
Key benefits of Kotak Credit Card Instant EMI
How to avail Instant EMI on your Kotak Credit Card?
Before swiping your card you can request for the transaction to be converted into easy EMIs. If your account has sufficient balance, the transaction will be initiated instantly and will be automatically converted into EMI instantly. The transaction that has been converted into EMI will reflect in the monthly credit card statement.
Steps to convert in-store purchases into EMIs
Shop > Billing counter > Choose EMI option > Swipe your card > Convert
Steps to convert online purchases into EMIs
Add product to the cart > Visit Payment Page >Select EMI option > Convert
Presenting Visa payWave the newest development in contactless card payment. PayWave cards have an added contactless chip (apart from the EMV chip used to insert the card into the payment device). This card enables you to save your time at the cash counter and helps you to experience payment interface with an added security. In India, you can pay for purchases up to Rs. 2000 easily by waving your payWave card in front of a payment terminal. You don’t even need to enter your card details such as PIN, card number or any. payWave cards are just as secure as any chip card. A payWave card also has multi-level security, which means you are completely secured from any type of card fraudulent activities or online frauds.
Note: Please be aware that the PIN entry requirement at the merchant outlet on the POS terminal is a feature of country-specific legislation and is liable to change. PIN input for transactions below the authorized local limit is not obligatory. RBI mandates the legal transaction limit for the use of credit cards in the contactless form in India and may vary from time to time depending on the current guidelines. PIN entry is not needed on the POS terminal at the merchant outlet for contactless transactions up to a maximum amount of Rs. 2,000 per transaction according to the RBI notification on Additional Factor authentication for contactless transactions dated May 14, 2015. Consequently, the card must be processed in Chip & PIN mode above this purchase cap (above Rs. 2,000), and authentication with PIN is compulsory.
How does it work?
The cardholder can make payments for the credit card in any of the following listed methods.
Apart from credit card payments, you can utilize the Kotak mobile app to get past statements, request for a balance transfer, convert transactions to EMIs etc. Follow the below-given steps to pay your credit card bill via Kotak Mobile App.
Pay your Kotak credit card bills with your VISA debit card. You will need to sign your Kotak card for VISA credit card payment through the net banking portal at your bank to use this facility. Once it is registered you can initiate the payments whenever you want.
Presently, you can use your non-Kotak bank account or debit card to pay your Kotak Mahindra Bank credit card bill. By using your non-Kotak account you can transfer funds against your credit card bill via NEFT (National Electronic Funds Transfer) or IMPS (Immediate Payment Service) facility.
Kotak Mahindra Bank helps its credit cardholders to make purchases in a number of trouble-free ways. Kotak Mahindra Bank Credit Card Holders may make their payment online and offline. Most of the credit card payment options provided by the bank are free of charge, except payment by cash at the Kotak Branch. You can also use your non-Kotak account net banking facility to transfer funds to your Kotak credit card bill through the NEFT (National Electronic Funds Transfer) or IMPS (Immediate Payment Service) service.
Process to make Kotak Credit Card Payment via NEFT
Enter the following details to make the payment
Using a credit card from the participating bank, you can use the Kotak Mahindra Bank mobile banking app to pay your credit card bills. After logging in to your Kotak Mobile App account a list of participating banks will appear. In case you don't have Kotak Mobile App you can download the app from Playstore or IOS Store. To trigger Kotak Credit Card payment via IMPS please follow the below-given instructions.
By paying your Kotak Credit Card bill through Paytm you don't have to worry about forgetting the due date. Paytm's convenient and simple Credit Card Bill Payment gateway enables you to trigger your bill payment from anywhere anytime so that you can never miss your due date. Follow the below given simple steps and complete the payment for your credit card bill instantly.
Kotak Bank offers several offline options to pay the dues of your credit card, which are:
You can pay credit card bills with the help of your mobile. Choose the offline phone banking facility and go through the below given process to make the payment complete. Get in touch with the Kotak Customer Service at 1860 266 2666. Then select the banking option from the menu and raise a request to the customer care executive to transfer the bill amount from your savings account to your Kotak card account.
If it is difficult for you to remember the due date of your credit card bill payment then you can allow the auto debit service for the same. Every month the approved amount will debited from your bank account and sent to your credit card. You'll have to download the Auto Debit Authorization Form from Kotak Mahindra Bank's official website to enroll for this service. Fill out the form with complete details and send it via mail to:
Manager - Customer Correspondence Centre, Kotak Mahindra Bank, Attn: Customer Correspondence Unit - Credit Cards, 3rd Floor, Akruti SMC Centre, Khopat, Next to ST Stand, Thane (W) - 400601.
Or else you can submit the form by visiting the nearest bank branch.
If you are not comfortable depositing money, with a cheque, you can also pay your dues. Submit the cheque to Kotak Mahindra Bank Card A / C which contains the 16-digit number of your Kotak credit card. The cheque can also be dropped in a drop box at the ATM or either of the branches of Kotak Mahindra Bank. The list of branches can be found on the official Kotak site or by sending an SMS 'K DROPBOX < 6-Digit PIN Code >' and send it to 5676788.
By visiting the branch
Visit your nearest branch of Kotak Mahindra Bank, and deposit the bill amount at the cash counter. To get the list of Kotak Mahindra branch you can visit the official site of Kotak Mahindra bank. You may also send an SMS 'K Branch < 6-digit PIN Code>' and send it to 9971056767 or 5676788.
If you're on vacation, you're bound to splurge. But then you realize that you have exceeded your credit card limit and that is a definite drawback. Let's see how you can increase your credit card limit without resorting to something wrong.
Use your card as much as you can:
The chances of increasing your credit card limit will automatically increase when you start paying for everything with your credit card. Once the issuer finds that you use your card frequently and makes payments consistently (at least for a few months), you will succeed in creating a good impression or a good score in the records of your card issuer. Your issuer will automatically start to consider increasing your credit card limit.
Waiting for your issuer to increase your credit limit based on your usage and payment method is a passive technique, where you do nothing but wait for your time. Usually, issuers periodically review their clients' accounts, which means that if you qualify, your credit limit will automatically increase.
Think of a good and solid reason:
If you talk to your issuer about increasing your limit, the company representative may ask why you need an increase in your limit. Usually, issuers are not leveraging, but if they scan your bank records and find that you are using your credit card to make ends meet, they may be reluctant to accept your request. So if you are on a tight budget and can only make the bare minimum on your credit card each month, it would be best to give up on increasing your credit limit until your financial situation improves.
Don't be greedy:
If you are desperate, it will appear, and it would be a big red signal for your transmitter, which means that your request will most likely be denied. In many ways, it's like getting a visa - you have to convince them that you deserve it and also give them time to make their own decision. It is better that you have no unrealistic expectations (for example, an increase in the double or triple credit limit). The best way to get a decent limit increase would be to minimize your need; a subtle approach would work better.
Shift the limits of the cards:
If you have multiple credit cards, you may want to consider this option. First, decide which card limit you want to increase, then transfer the limit from your other card to the card you have chosen. This will work as long as both cards are from the same transmitter. Also, don't get rid of the other card, as this will have a bad impact on your credit score.
All in all, if you are one of those people who find themselves very dependent on credit cards to maintain their lifestyle, an introspection on your financial habits would be desirable. Think carefully before asking to increase your credit card limit, you could put yourself in a vulnerable position.
So what is Kotak Credit Card Bill Desk you ask?
Kotak Credit Card Bill Desk is an online platform to make payments from any other bank account. Bill desk is the first option for you if you do not have a running account with Kotak Bank. Go through the below-given benefits of Bill Desk Service and payment process to make your payment complete.
Benefits of Kotak Credit Card Bill Desk
Kotak Credit Card Bill Payment via Bill Desk
Get a personal loan on your Kotak Credit Card and enjoy instant cash with affordable interest rates and zero documentation. Avoid stress and burden of your daily life requirements, with Kotak you can instantly get a personal loan on your credit card and use the cash to meet your needs.
Customers who have had a good record of their credit card spending, successful transaction patterns, payment records with Kotak are eligible for Personal Loan on Credit Card.
You can avail personal loan on Kotak Credit Card by applying through net banking and mobile banking. Apart from this you can also apply through a simple SMS process or by calling the customer care service if you don't have access to the internet. Go through the below-given steps to know the process.
Apply for Personal Loan on Kotak Credit Card through Net Banking
Apply for Personal Loan on Kotak Credit Card through Mobile Banking
Note: In case you do not have access to the internet you can also apply for a personal loan through offline by sending PLCC to 567688. Or else you can also get in touch with the customer care service for the same by dialling 1860 266 2666.
The interest rate for Kotak Mahindra Bank personal loans ranges from 10.99% to 24% depending on the relationship with the bank, credit score, credit history and internal bank policies. In addition, employees of best companies enjoy low processing fees and special interest rates on a personal loan.
Kotak Mahindra bank always checks the credit score of the applicant before sanctioning a personal loan and fixing the interest rate.
Employees with a net salary of Rs. 18,000 can apply for a personal loan from Kotak Mahindra Bank. Their minimum age should be 21 and the maximum age of 58. Applicants can be doctors, employees of public and private limited companies, state employees, public sector companies and local and central bodies. The personal loan amount can be Rs50,000 - Rs. 15.00,000 / - The interest rate on the loan will be 10.99% - 24% with a processing fee of 2.50% of the loan amount. ready. The foreclosure fee is 5% of the loan amount after one year.
It is easier to get a personal loan from Kotak Mahindra Bank for those who work with a reputable company or business because the employer can provide repayment of the EMI from the salary of the applicant. Long-term employment with the current employer is also a favourable consideration, as is the age of the company.
Relationship with the lender
A good relationship with Kotak Mahindra Bank will help in getting a low-interest personal loan. Having a savings account with a large balance deposit can attract better terms.
Top-up personal loan of Kotak Mahindra Bank:
Kotak Mahindra Bank also offers a personal loan top-up option so that you can face your new expenses without worry. To top-up loan, you need to send an SMS to a top-up number on the website. The advantages of recharging are
Applicants applied for Kotak Credit Card can track the status of their application through the below-given process. Track your credit card status by your application number and date of birth. Scroll down and go through the tutorial to make the process complete.
Apart from the online process applicants can also go through offline process to check their credit card status. Below given number is to track Kotak Credit Card status via offline
Call on the helpline numbers: 1860-266-2666 or, 1860-266-0811 if you are an 811 customer.
There are many other methods to track your credit card application status which are listed below.
Interact with chatbot Keya: Keya chatbot can be accessed on the official website of Kotak Bank. You can ask Keya to know the status of application status and even you can chat to get other related information of your Kotak Credit Card.
Mobile Banking: For information regarding your application, please call 1860 266 2666. If you are a customer of the Kotak 811, please call 1860 266 0811.
Write to the bank: For more details regarding your credit card application, you can write to the Kotak Bank.
Visit your nearest branch: You can also visit your nearest Kotak Mahindra Branch to know the status your Kotak Credit Card application.
In-progress: When the application is still in process, you will get the status as ‘In progress’.
On-hold: You will receive ‘On-hold’ status, if you have submitted any incomplete documentation or details.
Approved: You will find the ‘Approved’ status, once your application has been approved. You will receive your card to the address mentioned in the application form.
Dispatched: Once your card is dispatched, Dispatched status show on the screen. It will take 2-3 business days to deliver your card at your doorstep.
Disapproved: A ‘Disapproved’ status displayed when your application has been rejected. This happens when you cannot meet the eligibility criteria of the credit card.
No records found: If you enter any incorrect details, the screen will display ‘No records found’ status. Re-enter the correct details to get the status complete status.
The credit card statement from Kotak Bank is a key financial document that provides insight into the overall purchases made with the card during the last billing cycle. Kotak Bank Credit Card Statement contains the following details.
The account overview further shows the details of previous month's balance, payments, purchases, balance transfers, cash advances, fees, interest rate charged in that month, current balance, available credit, closing date of the statement and the billing cycle days.
New user can go through below given online and offline process for the registration process.
Apart from the online process, applicants can also go through the below given service
SMS Green to 5676788 or call to customer care number - 1860 266 2666
Applicants can download credit card statement of last 5 transactions through the below-given process
Via Mobile Banking
Track your credit card transactions with Kotak Credit Card SMS services. To get instant updates via your registered mobile number SMS the below listed short codes to 5676788, 997 105 6767 or 9212738927 from your registered mobile.
Kotak Credit Card IFSC Code is an alphanumeric 11-digit key used by NEFT to pay the pending credit card bills via online banking. Applicant can do this by adding the credit card as a beneficiary.
Kotak Credit Card IFSC Code is KKBK0000958
The first four characters KKBK reflects the bank's name and the fifth character zero is kept aside for potential use.
The last 6-digits usually signifies the division of the bank that supports the payment of credit card bills
Ideally this card is same for all credit cardholders.
Benefits of Kotak Credit Card IFSC Code
How to know Kotak Credit Card IFSC Code?
To know about Kotak Credit Card IFSC Code, an applicant have to go through an easy and simple process. This code can be found online on various websites. Applicant can also directly contact to the bank for the same. Using correct IFSC Code is very essential in order to avoid any kind of troubles. The card will first have to be enrolled as a beneficiary to receive payment from any bank account, in order to allow Kotak Credit Card bill payment via NEFT. Apart from the account number, the 16-digit card number is used and the name as on the card is used as the name of the account holder.
Process to pay credit card bill using IFSC Code
Credit cardholders who do not have Kotak Bank saving account can pay their credit card bills through NEFT or IMPS using IFSC Code. Go through the below process to make the payment complete:
Enter the branch details that are listed below to make your payment complete
Payee Name- 4166xxxxxxxxxxxxxxxxxxx Customer Name
Bank: Kotak Bank
Branch: Main Branch Mumbai
IFSC Code: KKBK0000958
Update Payee Account Number: 4166xxxxxxxxxxxxxxxxxxx (Provide your correct 16-digit Kotak Credit Card Number)
The applicants must check the following eligibility criteria when applying for a Kotak Mahindra Bank credit card.
Kotak - 811 & Mobile Banking is a self-service mobile app for all the Indians which allows you to take complete access to all your credit card information. Log in with your Net Banking Id, Password and explore a world of convenience just with a few taps. No matter where you are just with your Kotak NetBanking Id and Password you can explore the world of benefits and offers anytime anywhere. Scroll down and get to know the features and benefits of Kotak Credit Card App and how to use it.
Benefits of Kotak Credit Card App
Register and Download Kotak - 811 & Mobile Banking
Below are the steps to download and register yourself in Kotak - 811 & Mobile Banking
The Kotak Mobile Banking application uses the encrypted HTTPS protocol to interact between the mobile user and the server. This implies that all of your transactions are authenticated and safe. Two-factor authentication is used by the Kotak Mobile Banking App. Two-factor authentication is a safety framework that enables two forms of encryption credentials and is intended to include an enhanced validation layer to reduce online threats and fraudulent activities.
For the performance of a transaction, Kotak Mobile Banking App needs a login password (MPIN). You will also receive an activation code on your mobile number when you download the app and register it on your device. You can not enable the application on your smartphone without this code. For the mobile user's who interact with mobile servers, Kotak's mobile banking platform uses a secure HTTPS protocol. The Secure HyperText Transfer Protocol (HTTPS) utilizes HTTP which always enables Web server security as the SSL. The users' and the (host) web-server communications are always encrypted. This is an enhanced secured transaction system where all information related to the application that is stored in the device is encrypted.
Shop more and Earn more, with Kotak Rewards Programme get more out of your money every time you shop. Kotak Reward Programme gives you a wide range of redemption options including jewellery, fashion accessories, garments, home appliances, electronic equipment, cosmetics and much more. Redeem the reward points for an exciting range of redemption options including garments, home appliances, cosmetics, gift vouchers, airline miles and donation to charities. Scroll down and get to know about Kotak Rewards Programme.
Rewards catalogue with Kotak Credit Cards
Kotak rewards program has a broad variety of choices from which the customer can select the item they want. The reward points need to be converted to Easy Points for Redeem against Air tickets / Merchandise / Mobile recharge. The conversion ratio for the different types of Kotak Credit Card are listed below:
There are several things, vouchers, or movie tickets that you can redeem by using your Kotak Bank credit card reward points. Take the measures below to redeem the Reward Points:
Note: Kotak rewards program has a broad variety of choices from which the customer can select the product they want. The various products on the page include Electronics, Arrow gift vouchers, etc.
Kotak Bank customers enjoy multiple advantages like the facility to convert their reward points to cash credit. To transform the points of reward into cash follow the below-given steps:
Kotak Mahindra offers 4 different methods to generate m-PIN for Kotak Credit Card. Below are the steps by steps tutorial for the 4 different methods. Scroll down and know how to generate Kotak Credit Card Pin
Methods to generate Kotak Credit Card Pin
Now with Net Banking, from the convenience of your home or workplace, you will enjoy an easy way to Pay. Explore a one-stop solution with Kotak Net Banking services to fit all your banking needs 24x7. It is the most secure and convenient way to manage all your accounts. Apart from this, you can also generate online password and unlock your user-id instantly just with simple steps.
Regenerate or Activate your Net Banking password through the below-given steps:
Steps to Generate/Regenerate Kotak Net Banking Password for NRI
Shop with your Kotak Credit Card and get amazing deals and exclusive offers. If you are an Internet Banking or Mobile Banking user you can get offers from numerous brands and also you will get an advantage on the deals and online offers. Scroll down and get in touch with all the offers.
Apple iPhones Offer
Airport Lounge Access
The Mobile Store Offer
Eazy Diner Offer
Reliance Digital Offer
VISA Transit Hotels
VISA Airport Transfer
VISA Sleeping Pods/Nap Rooms
VISA Meet and Greet
Craft Cafe Offer
Ajishin Japanese Restaurant
Kai Li Restaurant
Kaung Kaung Malar Shan Kaw
Little Sheep Hot Pot
Hana Yakiniku Offer
Four Seasons Hotpot
Edge Fine Indian Dining
Eagle Bar and Restaurant
The Hotel Emperor Inle
Call on the below-given toll-free number to solve your any credit card related query.
Within India- 1860 266 2666
Applicants residing outside India: +91 22 6600 6022
Apart from this, you can send an email to solve your credit card related query. Kindly send a mail to the below-given mail address:
Q: What are the different types of credit cards offered by Kotak Mahindra Bank?
A: Kotak Mahindra bank provides credit card under various categories which are as mentioned below:
Q: What are the charges for a credit card over limit transactions?
A: If your transactions crosses 100% of your credit limit, you will be charged a flat over limit fee of Rs. 500 in each billing cycle that you are over the limit.
Q: Can I use my credit card for a free cash transaction?
A: No, the interest-free period is limited only to the retail transactions and does not include cash transactions. You have to pay interest for a cash transaction. The interest starts accruing from the date of cash withdrawal.
Q: What are the features of Kotak Mahindra Bank credit card?
A: The following are the features of Kotak Mahindra Bank Credit Card:
EMI conversion for shopping: Whether you're buying a new smartphone or getting flight tickets by using your credit card, you can turn any purchase above Rs.2,500 into monthly instalments for easy repayment. You also get great interest rates when you choose this scheme.
Online Balance Transfer: Transfer the outstanding balance on other credit cards to your Kotak card to manage your debt easily. You will also enjoy a 90-day -free-interest period.
For cash withdrawals: With this option, you can access cash whenever you want, wherever you want. There's cash available at ATMs, branches, by transferring funds online or requesting for a demand draft.
Kotak Visa Bill Pay for online bill payments: Never miss a due date with Kotak's bill payment option. All you have to do is use your Kotak credit card with Visa. This is a free service.
Q: Can I get a loan on My Kotak Mahindra Bank Credit Card?
A: Yes, the Kotak Mahindra bank will provide a personal loan on your credit card when you need finances immediately. The maximum loan amount you can get is Rs.5 lakh with attractive interest rates. You can also choose tenures from 6 months to 48 months. The amount will be instantly transferred to your Kotak account or any other savings account.
Q: How to earn reward points on my Kotak Mahindra bank credit card?
A: You can get reward points by using any Kotak Mahindra bank credit card. Listed below are some rewards redemption methods you can consider:
Q: What are the preferred credit cards for shopping?
A: Some of the Kotak Mahindra Bank Credit Cards that are ideal for the purpose of shopping they include Essential Platinum credit card, League Platinum credit card, Urbane Gold credit card, Silk Inspire credit card and Solaris Platinum credit card.
Q: Which credit card is best suitable for women?
A: Kotak Silk Inspire Platinum credit card is designed specifically for women and is meant for shopping or travel purpose. Women can avail reward points and benefits on this credit card.
Q: What is CVV2 on Kotak Credit Card?
A: The CVV2, which you see on your Kotak credit card, offers a layer of enhanced security to your transactions. Actually, it is a 3-digit number printed on the back of the card. And don’t be under the impression that CVV2 and pin number are the same. They are different and so you can’t enter the pin number when you are asked to mention CVV2.
Q: What are the Balance Transfer charges on Kotak Mahindra bank credit card?
A: 1. Manage your debt easily by transferring your outstanding balances to your Kotak card. A balance transfer is not available on credit cards that are less than six months old. You will be charged a processing fee of Rs.349 for every Rs.10,000 if you transfer from your card. GST is also applicable to this transaction.
2. For Beginners, you can transfer a minimum of Rs.2,500 or a maximum of 75% of your credit limit. You will also enjoy a 90-day interest-free period.Hsbc Credit Card Customer Care Number