Kotak Mahindra Bank World Debit Card - Benefits, Charges and Eligibility
Kotak Mahindra Bank World Debit Card Overview
Get access to a host of premium services with Kotak World 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 World Debit Card Features
- Available in MasterCard variant
- Unlimited withdrawals at all ATMs in India and abroad
- Purchase Limit: Rs. 2,50,000 Per Day & ATM Limit Rs 2,00,000 Per Day
- Access at all merchant establishments and ATMs that accept MasterCard 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 World 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 World Debit Card Fees & Charges
- Annual Fee (Edge / Nova Account) : Rs 750 plus applicable taxes
- Annual Fee (Pro / Classic Account) : Nil Charges for 1st year, thereafter Rs. 250
- Annual Fee (Ace Account) : Nil Charges for 1st year, thereafter Rs. 250
- Annual Fee (Platina Account) : Nil
- Replacement of Lost Debit Card: Rs 200 plus applicable taxes
- Replacement of Damaged Debit Card: Nil
- Declined Transactions due to insufficient balance: Rs 25 per transaction
- Cash Withdrawal / Balance Enquiry at international ATMs: Rs 150 per transaction
Kotak Mahindra Bank World Debit Card Benefits
- Cashless shopping with MasterCard 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
- MasterCard Golf Privileges: Celebrate special golf moments with the World MasterCard Golf Program, receive privileged access or special MasterCard rates at some of the finest golf courses in the region
- Access to airport lounges in India: Now you can enjoy the comforts of air travel even before you fly with complimentary access to select airport lounges in India
- Free Lost Card Liability Cover: Rs. 2,00,000
- Free Purchase Protection Limit: Rs. 1,00,000
- Free Air Accident Insurance: Rs. 20,00,000
- Online Usage: You can use your Debit Card to make payments online. As an added security feature, you will recieve a 'One time Authorisation Code (OTAC)' which is sent to your registered mobile number and email ID for every transaction
- 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 World 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.