IndianOil Kotak
EntryKotak Mahindra Bank
Where it ranks · across all 71 cards
Reward rules
Points valued at ₹0.25/pt - conservative, what rankings use
Base rate - everything not covered below
3 pts / ₹150= 2 pts per ₹100
0.50%
conservative value
24 pts / ₹150 at IndianOil (4% value back)
24 pts / ₹150= 16 pts per ₹100
4.00%
conservative value
Cap 1,200 accelerated pts/statement cycle. Plus 1% fuel surcharge waiver at IndianOil (₹100-₹5,000 txns, max ₹100/cycle; not on UPI). UPI-on-credit earns only base 0.5% (no 24X/12X via UPI; surcharge waiver not on UPI either).
Source: IndianOil Kotak (kotak.bank.in) · 2026-08-21
12 pts / ₹150 on groceries & dining (2%)
12 pts / ₹150= 8 pts per ₹100
2.00%
conservative value
Cap 800 accelerated pts/statement cycle.
Source: IndianOil Kotak (kotak.bank.in) · 2026-08-21
Earns nothing on
- ⊘ Utility MCCs excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.4900481448994812bank MCC list→ use Airtel Axis Bank here (10.0%)
- ⊘ Insurance MCCs excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.5960630063816399bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Wallet loads excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.6540bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Rent excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.6513bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Government MCCs excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.922292239311939994029405bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Education MCCs excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.821182208241824482498299bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ EMI transactions excluded from rewards and milestone spends (MITC).