Key benefits
- Lifetime free with no joining or annual fee
- Issued against a fixed deposit, so no income proof is required
- Builds a credit history from scratch
- 2 reward points per ₹100 spent online
Fees and charges
| Joining fee | Nil |
| Annual fee | Nil |
| Security deposit | Fixed deposit, typically from ₹10,000 |
| Interest rate | 3.5% per month (42% p.a.) |
| Credit limit | 80–90% of the deposit |
Eligibility
- Aged 18 or above
- No income proof or credit score required — secured against a fixed deposit
- Kotak 811 account holder
Who it suits
The most practical way to build a credit score from zero, since approval does not depend on having one.
Watch out for
The credit limit is capped by your deposit and rewards are modest.
Fees and reward rates shown are indicative and set entirely by Kotak Mahindra. They change without notice — confirm the current terms on the issuer's own page before you apply.