Kotak NRI Royale Signature Credit Card

Kotak Mahindra Bank · Open to apply

A fixed-deposit-backed card for NRIs with an NRE or NRO account: 2 reward points per ₹200 on spends outside India and 1 per ₹200 in India, each point worth ₹1, a ₹1,000 annual fee and two domestic lounge visits a quarter.

Annual fee
₹1,000 + GST a year
Joining fee
None
Base rate
1 reward point per ₹200 in India: 1 Reward Points per ₹200 (about 0.35% at cash value)
Lounges
Domestic: 2 visits a calendar quarter
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 2 reward points per ₹200 on spends outside India: 2 Reward Points per ₹200 (about 0.7% at cash value)

Earns nothing on

  • No reward points on fuel, rent, wallet loads or online skill-gaming

Where the sources disagree

  • value of a reward point: The product page and the MITC rewards table give ₹1 per point; the MITC's later table of cashback redemption values (effective 1 Jun 2025) gives 70 paise for NRI Royale Signature. We use 70 paise for cashback and ₹1 for the catalogue.
  • fuel surcharge waiver band: The page says transactions between ₹500 and ₹3,000 with a ₹3,500 calendar-year cap; the MITC says ₹500 to ₹5,000 and ₹3,500 an anniversary year. We use the MITC.

Terms the calculator does not value

  • The caps and exclusions come from the MITC's revised-rewards table (spends per statement cycle); the table does not say whether international spends in a capped category earn the 2-point international rate.
  • The fixed deposit that backs the card earns interest and stays locked; the calculator does not count it.

Sources

Compare this card · Find the best card for your spending