Axis bank kisan credit card overview interest rates. Kisan credit card loan interest rate kcc for pm kisan. Farmers are issued kisan credit card so that they can easily avail kcc loan from any of the banks at lowinterest rates for meeting their agricultural needs. Axis bank s kisan credit card is a specially designed credit card for farmers. Kisan credit card retail agri loan with kisan gold card. The credit under the kisan credit card will be in the form of revolving credit and the balance in an account will get the holder interest as per savings bank rates. Small farmers can apply for the kisan credit card scheme. The card takes care of many financial requirements of indian farmers as well as rewards them with a number of benefits. Any other banking services demat ac, mf, pl, hl, auto loan, credit card, etc. Axis bank adopts these guidelines, known as fair practice code for lenders while lending through its kisan credit card. Axis banks credit card interest rates are uniform across the country for all farmers.
However, they provide loans at an interest rate lower than this in line with government subvention schemes. Kisan credit card genesis honourable union finance minister announced in his budget speech for 199899 that nabard would formulate a model scheme for issue of kisan credit cards to farmers, on the basis of their land holdings, for uniform adoption by banks, so that the farmers may use them to readily. The kisan credit card provides for personal accident insurance which farmers can opt for. With estatement downloads, user can easily make a request to get his account statement online.
Here we have given banking awareness study notes on. Kisan credit card fair practice code for lenders axis bank. Kisan credit card scheme in india eligibility, features. Allahabad bank kisan credit card features, eligibility. The scheme which was launched in 1998 aims to tackle the comprehensive financial needs of the agricultural sector by offering term loans. Icici bank kisan credit card check features, eligibility. Business correspondents financial inclusion axis bank. Axis bank axis bank kisan credit cards loans charge an interest rate of 8. Kisan credit card kcc is an evolution in agriculture loans. The interest charged on kcc may differ from bank to bank.
Kisan credit card kcc scheme india 2020 apply online. No refund is provided for gst charged on the surcharge. The account holders shall at all times be responsible for updating the details with the bank from time to time to receive this service uninterrupted of the bank. Download the product guide for axis bank credit cards. Besides this there are other banks that also offer kisan credit cards. The model was developed by national bank for agriculture and rural development. There are other local banks that offer kisan credit card loans such as. Kisan credit card customers will receive a debit card atm card state bank kisan card, for making withdrawals from their kcc accounts at pos and atm machines. Kisan credit card is an affordable means for the farmers to arrange funds for agricultural needs. No reward points are earned on fuel transactions made using your axis bank credit card. Credit cards download product guides for axis bank. Axis bank limited formerly uti bank is the third largest private sector bank in india. Gift your loved ones or reward your employees with these prepaid cards. The long term loan limit is based on the proposed investments during the five year period and the bank s perception on the repaying capacity of the farmer.
Axis bank launches kisan card markets news zee news. The kisan credit card holders can also avail national crop insurance scheme that is available for certain crops. In order to make a transaction or withdraw cash, the icici bank kisan credit card holders can use not just the icici bank atms which amount to over 10,000 across india, but they can also use any other bank atm. It provides timely credit to farmers, meeting all their cultivation, farm maintenance. However, the bank provides loans which charge lower interest rate in accordance with government subvention schemes. General awareness play a vital role in all examination. Axis bank adopts these guidelines, known as fair practice code for lenders while lending through its kisan credit card scheme. Enjoy shopping and travelling with ease with our allinone smart card. A kisan credit card has been specially designed to provide farmers of the country a financial support. Usually, 79% interest is charged on the kisan credit card for a credit limit of up to. Learn about the eligibility criteria to apply for krishi credit card from axis bank.
The reserve bank of india has set a fair practice code for lenders like axis bank, when it comes to lending money through predefined schemes. Kisan credit card scheme meets the credit requirements for the agricultural or alied activities. The kcc provides short term loans to farmers at an interest rate of 4 per cent on the condition of timely payment. Apply kisan credit card online credit card for farmers axis bank. Further, rbi directed all banks to route crop loans through kcc to avoid diversion and misuse of funds. Axis bank established in 1993 was the first of the new private banks to have begun operations in 1994 after the government of india allowed new private banks to be established. Canara bank is the pioneer of the kisan credit card loan scheme which extends financial assistance to farmers for agricultural and allied activities. To provide timely and adequate credit to farmers to meet their production credit needs cultivation expenses besides meeting contingency expenses, and expenses related to ancillary activities through simplified pr. A credit card is an instrument to help you make instant credit based transactions. Kisan credit card kcc loan scheme 2020, eligibility. From now, every flight will be a journey to remember. Allahabad bank offers the kisan credit card under the akshay krishi scheme to farmers who require financial assistance.
The aim of kcc is to provide shortterm credit to farmers in a timely and efficient manner. No one likes to wait in lines or waste papers anymore to get basic account information. The kisan credit card eligibility requirements are listed below. The axis bank kisan credit card scheme seeks to provide the farming community with a platform through which they can get quick and timely access to funds. To apply, they have to visit the website of the bank, locate preliminary generic application for any product and click on it. Axis bank axis bank kisan credit cards offer loans charging interest rate starting from 8. Pnb kisan credit card features, benefits, eligibility. Kisan credit card kcc loan scheme 2020, eligibility, benefits. E statements for business banking online axis bank.
Avail amazing discounts and cashback schemes with axis bank credit cards. Unlike debit cards which are linked to your bank accounts and debit the corresponding amount for every transaction, credit cards offer you the flexibility to make transactions on credit independent of your account balance. The loan is available to all farmers for the purpose of. Pnb kisan credit card has been introduced by the bank in order to help indian farmers sort out their financial issues. Kisan credit card scheme was introduced by nda government in august 1998 with the aim to provide adequate and timely shortterm credit needs of farmers during the croppin. Gk, general studies, optional notes for upsc, ias, banking, civil services. Axis bank s kisan credit card helps farmers avail credit for their cultivation, farm maintenance and investment needs. Swipe your axis bank corporate card at petrol pumps to get 1% refund for fuel transaction between. With a kisan credit card, farmers can meet their agricultural as well as personal needs without borrowing money from the unorganized sector at. Axis bank adopts the guidelines from the reserve bank of india, known as fair practice code for lenders while lending through its kisan credit card scheme. Through its kisan credit card scheme, central bank of india attempts to help the farmers by providing them with money on credit. Kisan powerkisan sampoorna kisan rin sahayatakisan matsya. Axis bank also offers the farmers of the country a kisan credit card so that they can meet their multiple needs. This special facility aims to provide timely credit to farmers, meeting all their cultivation, farm maintenance and investment needs.
Bank, credit limit, maximum tenure, insurance coverage. Kisan credit card schemekcc loan7 best reasons to apply. With the objective of ensuring greater financial inclusion and increasing the delivery of its financial services, axis bank has appointed institutional business correspondents. Product guide comprises the features and benefits of the specific card, required documents and links to the important pages.
The premiums payable would be decided by the bank in conjunction with the insurance provider. In banking and other competitive exams like rrb, cds, lic ao, rbi, ssc, upsc, fci, uiic, oicl, sbi clerks and po the questions on kisan credit card kcc are being asked. Kisan credit card kcc is a credit scheme prevalent in india, which was introduced in august 1998 all over the country. Axis bank s business correspondent partners include manipal technologies ltd. The government of india launched the kisan credit card kcc program in 1998.
Earn 2x club vistara points on flight bookings using your axis bank vistara credit card. Yes, individuals can apply for the bank of maharashtra kisan credit card online on the website of the bank. Get your axis bank vistara credit cards and enjoy the many privileges of being a club vistara member in addition to earning club vistara points with every swipe. Can individuals apply for the bank of maharashtra kisan credit card online. Estatement forms are now available for download to all the new and existing axis bank users. The card gives farmers access to easy finance to help them cultivate and maintain the crop. The kisan credit card scheme provides protection towards loss of crop due to natural calamities, pest attack etc. April 9, 2020 services provided by kotak mahindra bank, the steps to register and login to the net banking, expansion for crn, cvv, ways of generating password, the high security system of kotak, mobile banking method and the services offered, sms banking number, keywords used in sms, insta balance service, its toll free number and its limitations are given. Beware of fictitious offerslottery winningscheap fund offers.
What are the fees and charges associated with kisan credit card. This special facility aims to provide timely credit to farmers, meeting all their cultivation. Axis banks kisan credit card is a specially designed credit card for farmers. The kisan credit card is also referred to as the krishi card. Funding is also done for purchase of farm machinery, implements. Bank cards apply for credit cards, debit cards, prepaid. Iwe, the farmers named below, hereby individuallyjointly apply for a credit line facility. Get interest at saving bank rate on credit balance in kcc account. Kisan credit card kcc loan scheme 2020 apply online. Account holder shall not hold axis bank responsible if they do not receive statements due to incorrect email address and technical reasons beyond the control of the bank.
The icici bank kisan credit card is valid for a maximum period of 5 years after a onetime documentation process. Get access to your funds securely anytime, anywhere. Kisan credit card yojana online apply, list, application. Axis bank launches kisan card over a decade after the staterun banks launched kisan credit cards, private sector lender axis bank on thursday introduced its own card which is aimed at helping farmers access liquidity roundtheclock. Corporate credit card with corporate liability axis bank.