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  • Fee and Charge pdf4

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    Raj
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    The document announces revisions to fees and charges that will go into effect on June 24, 2023. Cash advance transaction fees are changing to a maximum of 2.5% of the advance amount or Rs. 500, whichever is higher. Cheque and auto-debit return fees are also being revised to a maximum of 2% of the returned amount or Rs. 500/450. Late payment charges are increasing for amounts over Rs. 10,000. Finance charges for the Kotak IndiGo Ka-ching 6E Rewards XL credit card are rising to 3.7% from 3.5%.

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    Credit card fee and charges

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    fee-and-charge-pdf4

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    The document announces revisions to fees and charges that will go into effect on June 24, 2023. Cash advance transaction fees are changing to a maximum of 2.5% of the advance amount or Rs. 500, whichever is higher. Cheque and auto-debit return fees are also being revised to a maximum of 2% of the returned amount or Rs. 500/450. Late payment charges are increasing for amounts over Rs. 10,000. Finance charges for the Kotak IndiGo Ka-ching 6E Rewards XL credit card are rising to 3.7% from 3.5%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Fee and Charge pdf4

    Uploaded by

    Raj
    The document announces revisions to fees and charges that will go into effect on June 24, 2023. Cash advance transaction fees are changing to a maximum of 2.5% of the advance amount or Rs. 500, whichever is higher. Cheque and auto-debit return fees are also being revised to a maximum of 2% of the returned amount or Rs. 500/450. Late payment charges are increasing for amounts over Rs. 10,000. Finance charges for the Kotak IndiGo Ka-ching 6E Rewards XL credit card are rising to 3.7% from 3.5%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Revision in the General Schedule of Fees and Charges w.e.

    f June 24, 2023

    Type of Charge Current Revised


    Cash Advance - ₹300 per ₹10,000 or part Max of (2.5% on advance
    Transaction Fee thereof amount and ₹500)

    Cheque Return Charges ₹ 500 Max of (2.0% on bounce


    amount and ₹500)
    Auto-debit return fee ₹ 500 Max of (2.0% on bounce
    amount and ₹450)
    Late Payment Charges
    Total Amount Due Current Revised
    <₹100 0 0
    ₹100-₹500 ₹100 ₹100
    ₹501-₹1000 ₹ 500 ₹ 500
    ₹1001-₹5,000 ₹ 500 ₹ 500
    ₹5,001-₹10,000 ₹ 500 ₹ 600
    ₹10,001-₹25,000 ₹ 700 ₹ 800
    ₹25,001-₹50,000 ₹ 700 ₹ 1,000
    >₹50,000 ₹ 700 ₹ 1,200
    Finance Charges
    Type of Credit Card Current Revised
     Kotak IndiGo Ka-ching 6E Rewards XL
    Credit Card
    3.5% (42%) 3.7% (44.40%)
     Kotak IndiGo Ka-ching 6E Rewards
    Credit Card
    All other Retail Credit Cards 3.5% (42.00%) 3.5% (42.00%)

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