Kotak Mahindra Bank Privy League Signature Debit Card - Benefits, Charges and Eligibility

Kotak Mahindra Bank Privy League Signature Debit Card Overview

Get access to a host of premium services with Kotak Signature Debit Card. Enjoy exclusive deals and discounts at merchant outlets in categories such as Lifestyle, Fine Dining, Travel, Health & Fitness and more!

Kotak Mahindra Bank Privy League Signature Debit Card Features

  • Available in VISA variant
  • Unlimited withdrawals at all ATMs in India and abroad
  • Purchase Limit: Rs. 4,00,000 Per Day (for Optima A/c), Rs. 4,50,000 Per Day (for Insignia A/c) & ATM Limit Rs 3,00,000 Per Day
  • Access at all merchant establishments and ATMs that accept VISA cards in India and abroad
  • Available as Chip Card only which has additional security features and is available on request at no additional cost
  • Use your card for online shopping, e-payments and bill payments

Kotak Mahindra Bank Privy League Signature Debit Card Eligibility

Issued exclusively to Privy League customers of Kotak Mahindra Bank. Existing eligible customers can also upgrade the accounts to apply for this card.

Kotak Mahindra Bank Privy League Signature Debit Card Fees & Charges

  • Issuance Fee: for Optima & Insignia A/cs: Nil, for Prima A/cs - Rs 2000 plus applicable taxes
  • Annual Fee: for Optima & Insignia A/cs: Nil, for Prima A/cs - Rs 2000 plus applicable taxes
  • Issuance Fee (Add-on Card): for Optima & Insignia A/cs: Nil, for Prima A/cs - Rs 2000 plus applicable taxes
  • Annual Fee (Add-on Card) (from 2nd year onwards): for Optima & Insignia A/cs: Nil, for Prima A/cs - Rs 2000 plus applicable taxes
  • Replacement of Lost Debit Card: for Optima & Insignia A/cs: Nil, for Prima A/cs - Rs 200
  • Replacement of Damaged Debit Card: Nil
  • Regeneration of PIN: Nil
  • Declined Transactions due to insufficient balance: Nil
  • Cash Withdrawal / Balance Enquiry at international ATMs: Nil

Kotak Mahindra Bank Privy League Signature Debit Card Benefits

  • Cashless shopping with VISA Debit Card
  • Get an SMS and Email alert on your registered mobile phone and Email ID for every transaction done using your Debit Card
  • Enjoy fuel surcharge waiver (currently 2.5%) every time you purchase petrol at any petrol pump across the country
  • Free Lost Card Liability Cover: Rs. 4,00,000
  • Free Purchase Protection Limit: Rs. 1,50,000
  • Free Lost Baggage Insurance: Rs. 1,00,000
  • Free Air Accident Insurance: Rs. 1,00,00,000
  • Customer will have 2 free access per calendar quarter to select airport lounges in India
  • With Kotak Privy League Signature Debit Card, you are eligible to apply for Priority Pass, world's largest airport lounge access program, to get access to more than 900 most luxurious VIP airport lounges in over 120 countries and 400 cities worldwide
  • Offers & Discounts at Merchant Outlets in categories such as Lifestyle, Fine Dining, Travel, Health and Fitness
  • You can call bank's Emergency Helpline for Card Blocking/ assistance
  • Secure Online Shopping
  • 24/7 customer care facility
  • Highly safe and secure transactions

Kotak Mahindra Bank Privy League Signature Debit Card Documents Required

  • Proof of Identity : Aadhaar Card/ PAN Card/ Passport Driving License/ Voter ID Card
  • Proof of Address : Aadhaar Card/ Driving License/ Ration Card/ Voter ID Card/ Passport
  • Passport sized photographs

What is EMV-Chip Based Debit Card?

EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.

EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.

The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.