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Kotak Mahindra Bank
Kotak NRI Royale Signature Credit Card
Visa
Kotak NRI Royale Signature Credit Card
A Fixed-Deposit-secured card built for Non-Resident Indians without an Indian credit history — no joining fee, quarterly domestic lounge access, and double the international spend rewards versus domestic spend.
Rates and fees last verified 15 July 2026.
Annual fee
₹1,000
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Mid
Benefits by category
- ✈️ Travel
1% reward rate · 2 complimentary domestic lounge visits per quarter
- ⛽ Fuel
Fuel surcharge waiver capped at ₹3,500/year, plus railway surcharge waiver
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
- Age: 21–65
Benefits
- 2 complimentary domestic lounge visits per quarter
- Fuel surcharge waiver capped at ₹3,500/year, plus railway surcharge waiver
- Secured against a Fixed Deposit, with cash advance limit up to 90% of the FD (vs. ~40% typical)
Pros
- + No joining fee, and no Indian credit history required
- + Quarterly domestic lounge access
- + High cash-advance limit against the FD
Cons
- − Requires locking funds in a Fixed Deposit
- − Reward rate is weak relative to unsecured premium cards
- − Only relevant to NRI applicants