Kotak Zen Signature
MidKotak Mahindra Bank
Where it ranks · across all 71 cards
#30 Online shopping1.3%direct#30 Fashion1.3%direct#27 Electronics1.3%direct
Devaluation history
- 2025-06-01 - Zen point cash value cut ₹0.25 to ₹0.20; min 2,000 pts to redeem.
Reward rules
Points valued at ₹0.2/pt - conservative, what rankings use
Base rate - everything not covered below
5 pts / ₹150= 3.3 pts per ₹100
0.67%
conservative value
10 Zen pts / ₹150 on shopping (lifestyle, jewellery, dept stores, apparel)
10 pts / ₹150= 6.7 pts per ₹100
1.33%
conservative value
Source: Kotak Zen Signature value chart (bank site, verified Aug 2026) · 2026-08-21
Base rate, but capped - these categories earn normally up to a monthly ceiling
Milestones
₹3,00,000 / year
7,500 pts at ₹3L OR 15,000 pts at ₹6L (one tier, credited at anniversary-year end)
worth ≈ ₹1,500
Earns nothing on
- ⊘ 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%)
- ⊘ Fuel MCCs excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.5172554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Online skill-based gaming excluded from rewards/milestones. Bank notes the list is not exhaustive - all network MCCs in the category count.5816bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ EMI transactions excluded from rewards and milestone spends (MITC).