Bank rate card
What does Kotak Mahindra Bank charge an exporter?
This is Kotak Mahindra Bank's published trade and forex rate card, reproduced head by head from the bank's own schedule dated 12 Oct (year as printed in PDF: 2026). 23 charge heads are published and 0 are not. The source document is linked at the foot of this page.
By Aaryan Kakani · · 3 min read
Key takeaways
This schedule takes effect on 2026-10-12. Until then Kotak Mahindra Bank is still billing on its previous card, so use this page to plan rather than to reconcile an invoice you have already been sent.
What does Kotak Mahindra Bank charge on an export transaction?
Every head below is reproduced from the schedule linked at the foot of this page. Amounts are as published; nothing has been converted, averaged or inferred, and charges are exclusive of 18% GST unless the schedule says otherwise.
| Charge head | What Kotak Mahindra Bank publishes |
|---|---|
| Inward remittance / export proceeds | Free |
| FIRC, FIRA and e-BRC | FIRA issuance (original or duplicate) Rs 250; FIRC where funds received in INR from other banks Rs 1,000 |
| Export bill regularisation (direct dispatch or advance received) | 0.075%, min Rs 1,250 per bill (advance received / directly sent docs) |
| Export bills on collection | 0.075%, min Rs 1,500 per bill + courier Rs 1,000 + SWIFT/SFMS Rs 500 |
| Export bill purchase, discount or negotiation | 0.075%, min Rs 3,000 |
| Extension of realisation period | Rs 2,000 |
| Write-off or reduction in value | Rs 1,000 (reduction in export realisation) |
| Crystallisation | 0.125%, min Rs 3,000 |
| Return of an unpaid export bill | Rs 1,250 + courier Rs 1,000 + SWIFT Rs 750 |
| Export LC advising | Customers Rs 1,500 + courier Rs 1,000 + SWIFT Rs 500; non-customers Rs 3,000 |
| Export LC confirmation | 6% p.a., min Rs 5,000 + SWIFT Rs 500 |
| Overdue bill follow-up | Nil |
| SWIFT | Rs 500 per message |
| Courier | Rs 1,000 international; Rs 750 domestic |
What does Kotak Mahindra Bank charge on imports, guarantees and other forex services?
| Charge head | What Kotak Mahindra Bank publishes |
|---|---|
| Advance or direct import remittance | 0.125%, min Rs 1,500 + SWIFT Rs 500 |
| Import bills on collection | Foreign 0.25%, min Rs 1,500 + SWIFT Rs 500 + courier Rs 1,000 |
| Import LC issuance | 3.5% p.a., min Rs 5,000 + SWIFT Rs 1,500 |
| IDPMS / Bill of Entry | Not stated |
| Bank guarantee | 3% p.a., min Rs 1,500 + SWIFT Rs 1,500 |
| Other outward remittance | 0.30%, min Rs 1,500 |
| Forward contracts | Booking Rs 1,000; early utilisation/cancellation Rs 750; overdue cancellation Rs 500 |
| Commission in lieu of exchange | 0.125%, min Rs 1,000 (AIR and A2 outward only) |
| Certificates, NOC and AD code letter | Bank certificate / IEC letter Rs 1,000; AD code letter Rs 1,000; NOC Rs 3,000 (current a/c NOC Rs 750) |
How does Kotak Mahindra Bank compare with the other banks?
Ordering is arithmetic on published figures across the 36 banks whose schedules could be re-checked against their source file, using the entry-tier charge a small-ticket exporter actually meets. It is not a view on which bank to use.
| Charge | Kotak Mahindra Bank | Where that sits |
|---|---|---|
| Export bill regularisation, per shipping bill | ₹1,250 | 22nd cheapest of 29 banks that publish it |
| e-BRC or BRC | ₹250 | 21st cheapest of 23 banks that publish it |
| FIRC or FIRA issuance | ₹250 | 17th cheapest of 30 banks that publish it |
| Inward remittance, per credit | Free | 6th cheapest of 30 banks that publish it |
| Export bills on collection, entry tier | ₹1,500 | 28th cheapest of 35 banks that publish it |
| SWIFT, per message | ₹500 | 15th cheapest of 36 banks that publish it |
Kotak Mahindra Bank does not sit in the cheapest five on any of the six heads measured here. It sits in the dearest five on e-brc or brc (21st of 23). An exporter filing 20 shipping bills a month, pulling an e-BRC for each and taking 20 payment credits, would pay ₹3,60,000 a year on these published heads alone. A merchant exporter lodging 10 collection bills a month with 10 certificates and 10 credits would pay ₹2,10,000. See all 38 banks side by side.
What else does Kotak Mahindra Bank's schedule say?
Single consolidated trade GSFC. GST extra (standard). Return of unapplied funds to foreign bank USD 50.
Where does this rate card come from?
| Provenance | Detail |
|---|---|
| Schedule date, as the bank prints it | 12 Oct (year as printed in PDF: 2026) |
| Bank type | Private |
| Checked | 19 September 2026 |
| Source document | Open Kotak Mahindra Bank's published schedule |
The source document was re-downloaded from Kotak Mahindra Bank on 19 September 2026 and compared by SHA-256 against the copy these figures were read from. It matched exactly, which means the figures here are what the bank was publishing that day rather than a stale cache.
What should I read next?
- Every Indian bank's export charges, compared All 38 rate cards in one table.
- Which bank is best for e-commerce exporters? The same schedules read head by head for marketplace sellers.
- Which bank is best for B2B exporters? LC advising, collection, crystallisation and guarantees.
- FIRC and BRC guide for Indian exporters What each certificate is and when you need one.
Tired of chasing Kotak Mahindra Bank to close your shipping bills?
Bank charges are the visible cost of export banking. The hidden one is the hours spent matching settlements to shipping bills and chasing the bank to close them in EDPMS. Seasaw does that matching for you.
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Update history
- First published.