Kotak Bank forex rates represent the value of one currency in terms of another.
1% of the gross amount of currency exchanged is charged on currency exchange up to INR 1 lakhs.
INR 1000 + 0.50% of the gross amount of currency exchange between INR 1 lakhs to 10 lakhs is charged.
Kotak Bank charges INR 5500/- + 0.10% of the gross amount of currency exchanged above INR 10 lakhs.