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These are prepaid cards that enable you to transact in a local currency without the risk of currency rate fluctuation. Though single-currency forex cards have been around for quite some time now

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Kotak 811 Limited Full KYC The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.

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the rate and by when can customer transfer the INR funds? Ans. Customer would need to visit the nearest forex enabled Kotak Mahindra Bank branch and submit the Is there any scope of giving preferential FX margin or it will go on standard card rate only through this platform? Ans. No preferential rate on the platform for now, going ahead

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The Currency rate card table shows buy, sell and remittance rate for various currencies. Depending on your requirement (buy or remit), you can check how much INR you'll need for buying or remitting. Similarly, if you want to sell a currency , the table shows how much INR you'll get by selling a foreign currency.

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Rate 6.00%: Currency: INR: The indicative rate is for the 'classic savings account product' The rate of 6.00% is 2.14% higher than the average 3.86%. Also it is -6 % lower than the highest rate Updated Feb, 2017 Compare Kotak Mahindra Bank Saving rates Account Name Rate; Kotak Mahindra Bank 3 Month Fixed Deposit Rate: 6.90%: Kotak Mahindra

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If the transaction is done in base currency (currency with which the card was loaded) , there is no exchange rate applicable. However, for transactions other than the base currency, exchange rates / conversion rates from the base currency to the local currency would be applicable as per fine rates applied by VISA/MasterCard.

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Applicants can also have the benefit of a dedicated professional relationship manager across all Kotak Bank branches all over parts of India. Forex rate will be applicable for transactions of up to or above $10,000. Enrolled NREs applicants can earn a 4% interest per …

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