Kotak Credit Card Cash Withdrawal Charges - How To Withdraw Cash From Kotak Credit Card?

Kotak Bank offers a wide range of credit cards with various features and benefits, such as attractive discounts, complimentary memberships, reward points, and more. Therefore, you can choose a credit card based on your requirements, pay the required fees, and start availing the benefits. 

Kotak Credit Card Cash Withdrawal Charges 

Generally, banks offer a facility to withdraw cash using a credit card. However, they will charge a credit card cash withdrawal fee when you use this facility. Kotak Bank’s credit card cash withdrawal fees range from 2.5% to 3% of the withdrawn amount. The minimum fee requirement ranges from Rs.300 to Rs.500. Moreover, it is essential to note that the cash withdrawal fees will also accrue interest at a rate comparable to the interest applicable to the total withdrawn amount. 

Kotak Credit Card Cash Withdrawal Interest Rate 

The interest rates applicable to credit card cash withdrawals are higher than those for regular purchase APR (Annual Percentage Rate). Moreover, interest rates will start to accrue immediately after you withdraw cash using the credit card. Please remember that there will not be any grace period. Moreover, additional charges might be applicable depending on the transaction. 

So, cardholders should check the terms and conditions minutely, especially interest rates and credit card cash withdrawal charges, before withdrawing cash with their credit cards. 

Kotak Credit Card Types and Charges 

The joining and annual charges of Kotak Bank credit cards are as follows: 

Kotak Credit Card Annual Charges 

You can apply for a wide range of credit cards from Kotak Bank, ranging from entry-level to premium. But do not forget that you will have to pay an annual card fee every year to continue using the credit card, as provided in the table in the above section. However, Kotak Bank waives the annual charges for the below credit cards if cardholders fulfil certain terms and conditions:

Kotak Credit Card Late Payment Charges or Overdue Charges

When a credit card holder fails to pay the minimum due amount with respect to their credit card bills, late payment charges will be applicable along with the interest rates depending on the outstanding amount. The charges vary depending on the type of credit card.

The following table provides the details of the late payment charges for most Kotak Bank credit cards: 

Kotak Credit Card Closing Charges 

There are no charges levied by the bank for closing a Kotak credit card. However, the bank will cancel the credit card only when all the pending dues and charges are paid. You can pay the balance due either as a lump sum or in installments.

How to Withdraw Cash Using a Kotak Credit Card? 

Follow these steps to withdraw cash using the Kotak Credit Card:

Step 1: Visit your nearest ATM and insert your credit card at its designated place. It is advisable you visit the ATM of Kotak Bank itself. 

Step 2: Choose a language with which you wish to proceed. 

Step 3: Provide all necessary details, including PIN. Insert the cash amount you wish to withdraw. 

Step 4: You will receive the cash instantly. Collect it and take out your credit card from the designated space in the machine to complete the transaction. 

It is important to know about Kotak credit card cash withdrawal charges as it helps one plan their finances better. There are several benefits associated with Kotak credit cards. The best benefit is that you can get hold of cash during financial emergencies anytime and anywhere. 

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Other Kotak Bank Pages:
1. Kotak Bank Mobile Banking
2. Kotak Credit Card Cash Withdrawal Charges
3. Kotak Bank FD Calculator
4. Kotak Bank FD Interest Rates