Fees and Charges

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Fees and Charges

Fee & other Parameters	Zen
Joining Fees	₹1,500
Annual Fees	₹1,500
Condition for waiver of Joining Fees	NA
Condition for waiver of Annual Fees - First Year	Annual retail Spends of ₹1,50,000
Condition for waiver of Annual Fees - Second Year	Annual retail Spends of ₹1,50,000
Add-on card Fees	₹299
Interest Charges on outstanding Balances	3.5% (Annualized 42%)

Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	MAD can be 5% or 10% of TAD as decided by the Bank
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance	2.5% on advance amount , subject to minimum of ₹500
Late Payment Charges ("LPC")	Due as per last statement	LPC charges
	<₹100	₹0
	₹100 - ₹500	₹100
	₹501 - ₹5,000	₹500
	₹5,001 - ₹10,000	₹600
	₹10,001 - ₹25,000	₹800
	₹25,001 - ₹50,000	₹1,000
	>₹50,000	₹1,200
Over Limit Charge	₹500
Cheque Bounce Charges	2.0% on bounce amount, subject to minimum of ₹500
Standing Instruction Failure / Auto-debit return fee	2.0% on bounce amount, subject to minimum of ₹450
Foreign Currency Mark Up	3.50%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*	Waived
Fuel Surcharge (1% on transaction)**	Waived
Fee for Cash payment at Bank	₹100
Outstation Cheque Processing Fee	Waived
Reissue/ Replacement Card (per issuance)	₹100
Charge Slip Request	Waived
Machine Surcharge at ATMs	Waived
Balance Enquiry Charges at Non Parent Bank ATM	Waived
Duplicate Statement Request	Waived
Web Pay Service Fee	Waived

Waiver of fees for Credit Cards linked to Programme is subject to maintaining eligibility of respective Programme.

Programme refers to Kotak Bank and Group product propositions like Privy League Black / Privy League Platinum / Privy League Neon programme / Private Banking / Corporate Salary programme. For details on the programme eligibility and cards offered, please visit www.kotak.com

In case, programme eligibility is not met or if customer is degraded from higher variant programme to lower variant, customer will not be given programme linked fee waiver and will be required to pay Joining/Annual fees