Kotak Best Credit Cards Against FD in India 2026

Lifetime free credit card (no annual fee credit card)

Fixed deposit based card – no income proof required || instant approval card 

• Credit card is issued against your fixed deposit, for customers between 18 years and 75 years of age
• Income documents not required, since the card is issued against the security of your fixed deposit

Minimum fixed deposit amount required is ₹10,000

• Minimum fixed deposit requirement of ₹10,000, for both Kotak 811 customers as well as other customers
• Joining fee of ₹250 for FD amount below ₹20,000

Flexible credit limit, up to 90% of fixed deposit amount 

• You can choose a credit limit of your preference, up to 90% of fixed deposit amount (maximum ₹16 lakhs)

1% benefit on online card spends || 0.25% benefit on all other card spends

• You earn 4 reward points worth ₹1, on every ₹100 you spend on online purchases. You earn 1 points worth ₹0.25 (25 paise), on every ₹100 you spend on all other card purchases
• 1 reward point = ₹0.25 (25 paise), and can be redeemed on Kotak’s reward redemption platform (kotakrewards.com) for vouchers, products and more.

Exceptions : No reward points are given on fuel spends, railway spends, cash withdrawals.

Additional benefit of up to 1.4%, on achieving yearly card spend of ₹72,000 (milestone benefit)

• Amazon voucher worth ₹250, at yearly card spend of ₹36000 - 0.69% benefit
• Amazon voucher worth ₹1000, at yearly card spend of ₹72000 - 1.38% benefit

Note: Cash withdrawals, fuel spends and EMI conversion spends won’t be considered for milestone transactions.

1.8% – 2.5% surcharge waiver on railway ticket bookings, upto ₹500 per year

• 1.8% for transactions made on the IRCTC website
• 2.5% for transactions made at Indian railway booking counters
• Maximum waiver of ₹500 per year

1% fuel surcharge waiver at all fuel stations, up to ₹3500 per year

• Only on fuel transactions ranging between ₹500 and ₹4000, and
• Only on fuel purchases up to ₹3.50 lakhs per year, since waiver is capped at ₹3,500 per year

Interest-free cash withdrawal 

• You can withdraw cash up to 90% of your total credit card limit
• No interest is charged on ATM cash withdrawals up to 48 days (unlike most other credit cards).
• A processing fee of ₹100 is charged on each cash withdrawal, hence ideally one should withdraw cash only in an emergency