Kotak Easy Pay Debit Card - Complete Information

The Easy Pay debit card is offered by Kotak Mahindra Bank to help individuals keep track of their business-related expenses in a hassle-free manner.

With this debit card, you and your business partners can avail of enhanced banking experiences. In addition to secure transactions, the Easy Pay debit card offers a variety of benefits.

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Features of Kotak Easy Pay Debit Card

The Easy Pay debit card comes with the following features:

  1. Real-time tracking of your daily spending.
  2. For every Easy Pay account, monthly e-statements are provided.
  3. Whenever you make a transaction, you will receive an alert on your registered contact number.
  4. You can make quick and convenient payments to your business associates or partners.
  5. The purchasing limit per day is Rs.50,000.
  6. The ATM withdrawal limit per day is Rs.25,000.
  7. You can transfer money to your Easy Pay account via net banking, RTGS, NEFT, cheques, and Cash Management Services (CMS).
  8. There is no limit on the amount you can withdraw at Kotak Mahindra Bank's ATMs.
  9. Only an authorised account holder can access net banking services.
  10. Purchase Protection Limit up to Rs.50,000 and Lost Card Liability up to Rs.50,000 are offered on this Kotak Mahindra Bank Debit Card.

Eligibility Criteria for Kotak Easy Pay Debit Card

The eligibility condition to apply for the Easy Pay debit card is you must hold a Current Account with Kotak Mahindra Bank.

Fees and Charges of Kotak Easy Pay Debit Card

The fees and charges of the Easy Pay debit card are mentioned in the table below:

Type of charge

Fee

Annual fee

Rs.250 plus GST

Reissuance/Replacement fee

Rs.200 plus GST

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Documents Required for Kotak Easy Pay Debit Card

The documents required to apply for the Easy Pay debit card are as follows:

  1. Identity proof: Aadhaar card/Driving licence/Voter's ID
  2. Address proof: Passport/Driving licence/Ration card
  3. Passport size photographs

FAQs on Kotak Easy Pay Debit Card

  • What is the annual fee of the Easy Pay debit card?

    The annual fee of the Easy Pay debit card is Rs.250 plus GST.

  • How many Easy Pay accounts can I open with a Kotak Mahindra Bank Current Account?

    You can open any number of Easy Pay accounts with a Kotak Mahindra Bank Current Account.

  • Can I make international transactions with the Easy Pay debit card?

    No. Only domestic transactions are allowed on the Easy Pay debit card.

  • What is the maximum amount you can transfer to an Easy Pay account?

    The maximum amount you can transfer to an Easy Pay account is Rs.50,000 per transaction.

  • Can I apply for the Easy Pay debit card without holding a Current Account?

    No. It is mandatory to hold a Current Account to apply for the Easy Pay debit card.

  • Is the cheque book facility offered to Easy Pay account holders?

    No. The cheque book facility is not offered to Easy Pay account holders.

  • Who should apply for the Easy Pay debit card?

    Kotak Mahindra Bank customers who hold a Current Account, and have daily business expenses that are handled by their partners or employees should apply for the Easy Pay debit card.

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