Kotak Mahindra BankForex & prepaid travel card

Kotak Mahindra Bank Multi-Currency Forex Card

Kotak Mahindra Bank's Visa prepaid Forex Card with 15 currency wallets, branch/NetBanking issuance and reload, currency-specific ATM pricing, online/branch servicing and explicit cross-currency treatment.

First-party evidencePublished researchReviewed September 10, 2026Active

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Issuance / reload / travel-card costsCurrent first-party schedule lists ₹250 + GST issuance, ₹75 + GST reload and 3.5% cross-currency markup, plus currency-specific ATM withdrawal/balance-enquiry charges. Overseas ATM owners may add their own surcharge.

Loaded currency walletsPrepaid foreign-currency wallets; up to 15 supported currencies can be carried on one card. The available balance is limited to loaded funds and FEMA/RBI limits rather than a credit line.

ATM / load / usage limitsCurrent schedule publishes currency-specific daily ATM and POS/e-commerce ceilings; for example USD wallet maximums are USD 5,000 ATM and USD 10,000 POS/e-commerce. Web reload can reach USD 50,000 daily/yearly where passport details are updated, subject to FEMA.

Prepaid card / funding / regulatory relationshipStandalone Kotak prepaid forex relationship; it is not an ordinary Kotak debit card and its loaded-wallet, ATM and cross-currency fees are separately governed.

Research processPublished by littleden.blog

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

4 first-party sources

Last checkedSeptember 10, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: November 9, 2026.

How to verifyMethodology · Editorial policy

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Critical decision facts

Separate forex economics from overseas access and regulatory limits.

Markup, cross-currency conversion, ATM/POS usage, wallet funding and international controls can create very different travel costs.

01 · Issuance / reload / travel-card costsCurrent first-party schedule lists ₹250 + GST issuance, ₹75 + GST reload and 3.5% cross-currency markup, plus currency-specific ATM withdrawal/balance-enquiry charges. Overseas ATM owners may add their own surcharge.

02 · Loaded currency walletsPrepaid foreign-currency wallets; up to 15 supported currencies can be carried on one card. The available balance is limited to loaded funds and FEMA/RBI limits rather than a credit line.

03 · ATM / load / usage limitsCurrent schedule publishes currency-specific daily ATM and POS/e-commerce ceilings; for example USD wallet maximums are USD 5,000 ATM and USD 10,000 POS/e-commerce. Web reload can reach USD 50,000 daily/yearly where passport details are updated, subject to FEMA.

04 · Prepaid card / funding / regulatory relationshipStandalone Kotak prepaid forex relationship; it is not an ordinary Kotak debit card and its loaded-wallet, ATM and cross-currency fees are separately governed.

Exact product-type evidence

Forex & prepaid travel card evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Forex prepaid-card operating map

Loaded wallet, transaction currency and refund state are different economics.

A prepaid forex card locks the currency purchased at load time, but ATM fees, cross-currency use, wallet conversion, inactivity and cash-out can still add cost. Ordinary debit-card forex pricing never fills a prepaid-card evidence gap. Reviewed September 10, 2026.

Card format / currenciesVisa multi-currency prepaid card supporting 15 current wallets: USD, EUR, GBP, AUD, SGD, CHF, HKD, CAD, NZD, JPY, SEK, ZAR, AED, SAR and THB.

Purchase / KYC eligibilityAvailable over the counter at Kotak branches; existing Kotak NetBanking customers can also apply online for branch pickup or delivery. KYC, PAN/passport and travel/FEMA documentation apply.

Load / reloadReloadable through branch, web login or customer contact centre before expiry. Current reload/convenience fee is ₹75 + GST. Web loading limits depend on passport details held by the bank.

Load / exchange-rate mechanicsCurrency is purchased/loaded at Kotak's applicable card/forex rate at the time of load/reload. Once loaded in the matching wallet, later same-currency spend does not require INR reconversion; unmatched-currency transactions invoke cross-currency conversion.

Overseas ATM / cashCurrency-specific ATM withdrawal and balance-enquiry charges apply; e.g. USD 2 withdrawal / USD 0.50 enquiry. Current daily maximums include USD 5,000 equivalent in the USD wallet; local ATM limits/surcharges can be lower/additional.

POS / e-commerceAccepted at Visa merchant outlets and international e-commerce/ATMs subject to country/network restrictions. Current maximum daily USD POS/e-commerce limit is USD 10,000, with currency-specific equivalents for other wallets.

Cross-currency usage3.5% markup applies when the transaction currency is not adequately funded by the matching wallet and conversion is required.

Wallet conversionThe card can hold multiple wallets and uses the bank's defined wallet priority where needed; conversion/cross-currency treatment applies when funds are taken from a non-matching wallet.

Issuance / reload / service fees₹250 + GST issuance; ₹75 + GST reload; currency-specific overseas ATM fees; replacement/reissue pricing differs for India versus overseas; refund and chargeback fees are currently listed as nil on the reviewed fee page.

Inactivity / expiryReload is available only before the card's printed expiry. Current terms govern validity; no universal inactivity fee was inferred where the reviewed live fee page did not clearly publish one.

Refund / closureCurrent fee page lists refund charge as nil. RBI/FEMA retention/refund rules still apply; Kotak states balances above USD 2,000 equivalent should be refunded within the applicable post-return period.

Replacement / emergency supportLost/stolen card can be hotlisted through Kotak support or online travel login. Replacement is charged by location/currency; Visa GCAS emergency card/cash services are available with separate service fees.

FEMA / RBI controlsLoading/reloading and retention are subject to RBI/FEMA purpose limits. Card use is barred in India, Nepal, Bhutan and listed sanctioned/high-risk jurisdictions under current Kotak guidance.

Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Forex-card capabilities15 currency wallets, Visa ATM/POS acceptance, NetBanking/branch application, online/branch/contact-centre reload, transaction alerts, online PIN/hotlist controls and Visa GCAS support.

Traveller / KYC eligibilityEligible international travellers subject to Kotak KYC, PAN/passport and travel-purpose documentation. Existing Kotak NetBanking customers can apply digitally; branch issuance is also available.

Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Kotak customers and other eligible travellers who want a 15-wallet Visa travel card with low fixed issuance/reload fees and strong self-service controls.

Verify before relying

Cross-currency usage currently attracts 3.5% markup, so loading the destination currency matters.
Foreign ATM owners can add separate access/surcharge fees beyond Kotak's published ATM charge.
GCAS emergency replacement/cash services are separately chargeable and should not be mistaken for free card replacement.

Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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Latest recorded review September 10, 2026Maintained pair Source-backed

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