Axis Bank and Kotak Mahindra Raise Overseas Card Transaction Fees
Axis Bank and Kotak Mahindra Bank are increasing dynamic currency conversion (DCC) fees for overseas card transactions. Axis Bank will raise DCC fees on credit cards to 3.5% from 1.5%, effective August 28, 2026, with varying rates for different card types. Kotak Mahindra Bank will increase DCC fees on debit cards to 3.5% plus GST from 1% plus GST, effective August 1. ICICI Bank had similarly raised fees earlier. The banks have not publicly explained the reasons, but the increases align DCC charges with typical foreign-currency markups.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 45/100.
Outlets measured: economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 29 Jul, 07:43 pm. Other outlets followed.
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