Personal loan lender, Kotak Mahindra Bank has launched a new credit card, called as the Kotak NRI Credit Card.
The card would be offered against term deposits of at least Rs 1 lakh. Credit limit in these instances can go up as high as 80% value of the term deposits.
Features of the card include 4 times reward points on international purchases, waiver of fuel surcharge, options on redemption of reward points and 0% EMI for 3 months.
The card would also offer the provision of letting the customer buy and pay in rupees. While travelling in India, card holders can buy in Indian rupees on this card.
Kotak Mahindra Bank has lately started a new branch in Kozhikode to boost its branch network in the country.
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