Award sweet spots · from India
Still the default destination for Indian bank points — four issuers feed it — but the November 2025 devaluation (and the March 2026 follow-up on dynamic Access rates) moved every goalpost. The chart is published, Saver space is real, and business class one-way to Singapore remains the cleanest ₹1.7+/mile redemption you can plan for. Economy is where KrisFlyer quietly wastes your points: barely above portal rates.
| Redemption | Points | Surcharge | Typical cash | ₹ / pt | vs index |
|---|---|---|---|---|---|
| DEL/BOM/BLR → SIN, business Saver (one-way) | 45,000 | ₹6,000 | ₹85,000 | ₹1.76 | 1.6× |
| India → SIN, economy Saver (one-way) | 19,000 | ₹5,000 | ₹18,000 | ₹0.68 | 0.6× |
| India → Sydney/Melbourne, business Saver via SIN (one-way) | 72,000 | ₹8,000 | ₹2,50,000 | ₹3.36 | 3.1× |
| India → Tokyo/Osaka, business Saver via SIN (one-way) | 60,000 | ₹8,000 | ₹1,50,000 | ₹2.37 | 2.2× |
₹/pt = (typical cash − surcharge) ÷ points, computed only from sourced numbers — the build fails if a row's arithmetic doesn't. A dash means no honest cash anchor exists; the row's note below says why. Dynamic-priced programs are framed as “typical”, never guaranteed.
Post-Nov-2025 Saver rate for Zone 6 (India/Sri Lanka/Maldives/Bangladesh) — up from 43,000. Taxes run ₹3,500–8,000 one-way ex-India; cash J fares start around ₹85,000. cpp computed at the low end of both.
Feed it: HDFC Infinia/DCB 1:1 · Axis Atlas 1:2 (EDGE Miles) · HSBC TravelOne 1:1 · Amex MR 2:1
The one Saver rate that got CHEAPER in Nov 2025 (20,000 → 19,000) and it still loses: economy cash fares of ₹14,000–25,000 mean ~₹0.7/mile — below our ₹1.10 index. Economy to SIN is a cash purchase, not a redemption.
Feed it: Same corridors as business — which is exactly why you shouldn't burn them here
The chart's long-haul arbitrage: Australia prices barely above Singapore while cash J fares run ₹2.5–4L. cpp computed at the ₹2.5L low end — the honest caveat is that inflated cash fares flatter every long-haul cpp.
Feed it: HDFC Infinia/DCB 1:1 · Axis Atlas 1:2 · HSBC TravelOne 1:1
Cash J fares India→Tokyo via SIN run ₹1.5–2L per the cash source; cpp computed at the ₹1.5L low end with taxes at the top of the published ₹3,500–8,000 ex-India band (two departures on this routing). PointsMax's own ₹2.50–3.33/mile range sits above our maths — we print what the in-row numbers support, not the brochure.
Feed it: HDFC Infinia/DCB 1:1 · Axis Atlas 1:2 · HSBC TravelOne 1:1
Live ratios from our transfer data — our points : partner points, exactly as tracked in data/transfer-partners.yaml.