Fuel Charges Kotak Credit Card: Kotak Mahindra Bank has implemented a new rule for credit card users. If you are a Kotak Credit Card user and spend more on fuel every month, then this change is necessary for you. Be sure to check the limit and new policy of your card before June 1 so that the extra charge does not inadvertently.
Kotak Mahindra Bank will impose 1 percent extra charge on fuel
From 1 June 2025, if a cardholder spends more than the limit in his statement bicycle on petrol and diesel, then he will have to pay 1% extra fee (fuel transaction fees). This rule will apply only to a few selected credit cards. Its purpose is to regulate more expenses on fuel.
Which cards will not be charged this new fee?
The following credit cards of Kotak Mahindra Bank will be fully exempted from this new fuel charge.
White Reserve Credit Card
Kotak Solitaire
Kotak infinite
Kotak signature
Indian Oil Kotak Credit Card
Minyantra Kotak Credit Card
Which cards will be charged 1% fuel charge?
White Signature, Privy League Signature and Kotak Indigo 6e XL Rewards Credit Card If the fuel spending for users is more than Rs 50,000, it will be charged 1%.
At the same time, this limit has been kept for Mojo Platinum, Zen Signature, Royale Signature, PVR Inox, 6E Rewards Indigols Kotak, Kotak Biz, and NRI Royale Signature Cards.
New limit of fuel surcharge woover
Kotak Bank has also changed the limits of Fuel Surcharge Waver, which will be applicable from 1 June 2025. However, the bank has not yet shared complete information about the new limit.
Why this rule was implemented?
The bank says that many users take more rewards and benefits at fuel expenses, which increases the burden on the bank. Therefore, this step has been taken so that the transaction related to fuel can be controlled. Also, the system can be balanced.
ITR Filing 2025: Last date for filing returns 15 September, but till 31 July