About Kotak Mahindra Bank Aqua Gold Card
A credit card is a mean to satisfy all your desires which may not be possible with cash only. Also, it is not safe to carry big notes, which if get stolen or lost, may make you extremely vulnerable. It’s not that credit cards can’t lost or stolen, but with a mere reporting of the same can insure you. One such credit card is Kotak Mahindra Bank Aqua Gold Card, which is given against a term deposit. The card comes with a host of benefits that avid credit card shoppers would like to have. From letting you avail a higher credit limit to interest-free cash withdrawal, your shopping experience with Aqua card is set to be an enjoyable one. Before you apply for the card, get yourself updated of the same.
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Name :____________________________Address : ____________________________Date : ____________________________
Features of Kotak Mahindra Bank Aqua Gold Card
There are many exciting features that aqua card has for the card holders to experience. So, if you are planning to have such cards, a thorough read on the card features is essential.
- Credit limit is set as 80% of the term deposit amount
- Maximum credit limit available is ₹12 lakhs.
- Interest-free cash withdrawal facility available upto 48 days each year.
- Cash limit is 90% of the credit limit sanctioned.
- Fuel surcharge waiver permissible on transactions worth ₹500-3,000.
- Maximum waiver allowed upto ₹3,500 for fuel transactions and ₹500 for booking railway tickets in a calendar year.
- Interest-free credit period is available on balance transfer.
- Balance transfer is easy with a simple call to the bank.
- Add-on cards will provide the same benefits that can be availed via a primary card.
- You can set the spending limit according to you what you want.
- Add-on cards can be tracked separately, making it easier for you to manage them.
- You can get an insurance cover of ₹50,000 against fraudulent usage upto a week of pre-reporting, at the time of card being stolen or lost.
- What you can do here is to deactivate, block or cancel the card by giving a call to the customer care number- 18602662666. At the same time, you can claim insurance by filing the same with the insurer. You can download the insurance claim form online.
Fees & Charges
If there are benefits, there are charges as well with Aqua Gold Card. Look at the charges that you need to pay with respect to the card.
- Interest charges- 2.99% per month
- Overlimit charge-₹500
- Joining fee-₹1499
- Add-on card fee-NIL
- Late payment charges-₹100-700
- Cash withdrawal charges-₹300 per ₹10,000
- Fuel surcharge- 1% on the transaction amount
- Cash payment at branch- ₹100
- Card replacement fee- ₹100
If you and the following points are on the same page, aqua card is well on the way to your wallet. Want to know what the points are? Check out below.
- An Indian resident can apply for the card.
- Primary cardholder should fall in the age of 18-75 years while applying for the credit card. Add-on cards require the cardholder be a minimum of 18 years and more.
- Minimum amount of term deposit needed is ₹25,000
- Individual term deposits are allowed only.
Documents Checklist to Avail Kotak Mahindra Bank Aqua Gold Card
- Identity Proof-PAN Card/Passport/Voter ID/Aadhaar Card (Self-attested copy)
- Residence Proof-Aadhaar Card/Passport/Latest Utility Bills (Self-attested copy)
- Recent passport size photograph duly attested
- Attached Declaration Form Duly Signed
Kotak Mahindra Bank Aqua Gold Card Application Status Online
If you have applied for the credit card, the next thing that would want is to know the application status, right! Well, you can check it online by browsing the official page of Kotak Mahindra Bank. The moment you reach to the page, you could find a link of ‘Application Status’. Click it and you would find a new page asking you to feed either Application Form Number or Application Reference Number. Enter any of those and find the actual status of the application.
Kotak Mahindra Bank Aqua Gold Card Statement
Keeping a track of the credit card shopping is an exercise you must do it regularly. You can do that by checking the statement, which would be sent to your registered email ID by the bank. The statement will show the details of spends made via the credit card as well as the finance & retail charges, service tax, cess, if applicable.
Customer Care 24×7 Number
Before and after using the card, there may be some queries that you would like to resolve. You can do the same by calling to the customer care number-18602662666 and get all that resolved. You may want to know about the discount offers and the maximum credit available in your case with the card, right! So, the customer care representatives would help you in every way possible