Kisan Credit Card

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :20/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :20/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 20/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :20/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 20/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :20/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :20/01/2020

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Updated: 26-12-2019 08:10:31 AM

Farmers in India have to face many difficulties in arranging short-term funds for the planting and harvesting season and to meet other regular agricultural needs. They are largely dependent on credit from the unorganized sector such as moneylenders who charge exorbitant rates of interest. Realizing the need for such short-term credit, the Kisan Credit Card Scheme was launched by the Reserve Bank of India and NABARD in August 1998.

The objective of this scheme is to free the farmers from the shackles of informal lending and to meet their comprehensive credit requirements. Kisan Credit Card is offered by Commercial Banks, Regional Rural Banks (RRB) and Co-operative Banks.

How does a Kisan Credit Card work?
Top Banks Offering Kisan Credit Cards in India
Kisan Credit Card Interest Rate and Other Charges
Kisan Credit Card Eligibility
Kisan Credit Card Documents Required
How to Apply for Kisan Credit Card Online?
Features of Kisan Credit Card
Benefits of Kisan Credit Card
Kisan Credit Card FAQs

How does a Kisan Credit Card work?

A Kisan Credit Card is similar to a normal credit card. You can use it at ATMs and merchant POS terminals. Under the KCC Scheme, customers can avail two types of credit-

  • Cash credit and
  • Term loans

A short-term credit limit is offered on the Kisan Credit Card for smaller agricultural needs. Term loans can also be taken for crop cultivation, buying equipment, irrigation, etc. Cardholders can use the Kisan Credit Card for certain domestic needs as well.

Individuals who are eligible for a Kisan Credit Card from a bank would get a card-cum-passbook or a card and a passbook separately. The credit limit will be set by the lending bank taking into account the following:

  • Customer’s agricultural landholding,
  • Scale of finances and
  • Future projections

The credit limit may be increased at a later date if there is a change in a cropping pattern, increase in credit requirements, etc.

Top Banks Offering Kisan Credit Cards in India

Below are few of the renowned financial institutions which offer Kisan Credit Cards in India.

NABARD- National Bank for Agricultural and Rural Development (NABARD) prepared the model scheme for Kisan Credit Cards in India. It offers term loans and credit facility which is easily accessible to the farmers to meet their basic as well as large-scale agricultural expenses.

State Bank of India- Being one of the biggest public sector banks and with the enormous spread of branches in rural India, SBI ensures all the deserving farmers should have the credit facility for the production credit necessities, expenses linked to allied activities, as well as emergency expenses. SBI offers Kisan Credit Cards to farmers to help them cover such expenses.

Bank of India- Bank of India offers Kisan Credit Cards to cater to the credit needs of the farmers. They have numerous branches in remote locations which offer timely assistance to them.

IDBI- IDBI Kisan Credit Cards are intended to assist farmers along with additional facilities such as crop loans, working capital and investment credit to meet agricultural expenses.  IDBI offers Kisan Credit Cards to farmers, owner-cultivators, tenant cultivators, sharecroppers etc.

Axis Bank- Axis Bank offers Kisan Credit Card with an enhanced credit limit up to Rs.25 Lakhs and an Insurance coverage up to Rs.50,000.

Indian Overseas Bank (IOB) – Kisan Credit Card is offered by IOB to bring greater flexibility and liberty in credit operation for the farmers. They can avail of this scheme to meet their short-term as well as long-term credit requirements.

Kisan Credit Card Interest Rate and Other Charges

The interest rates offered may vary from bank to bank. Generally the interest rate offered by most of the public and private sector bank for Kisan Credit Cards is 7-9% per annum for a loan amount of up to Rs.3 Lakhs. Central government has brought few subsidies on applicable interest rate by the means of financing institutions for card holders with proven track record. An additional interest subsidy of 2% is provided to customers who have a sound track record for 3 years. Other fees and charges include the processing fees, insurance premium, passport photo charges, land mortgage deed etc.

Kisan Credit Card Eligibility

 Here is the eligibility criteria to apply for Kisan Credit Card:

  • All farmers who are either individuals/Joint borrowers of the land and involved in farming or allied activities
  • Individuals who are owner cum cultivators
  • All the Tenant farmers or Oral lessees and Share Croppers in the agricultural land
  • Self Help Groups or Joint Liability Groups including tenant farmers or sharecroppers.
  • Farmers should be eligible for a production credit of Rs.5,000 and above, and then he/she is entitled to a Kisan Credit Card.
  • All such farmers who are eligible for short term credit loan towards crop production or any allied activities as well as non-farm activities.
  • The farmers should be the residents of the bank’s operational area.

Kisan Credit Card Documents Required

The applicants will have to submit the following documents at the time of applying for a Kisan Credit Card (KCC):

  • Identity proof such as PAN card, Voter ID, Driving License, Passport, etc.
  • Address proof such as Aadhaar card, PAN card, Voter ID, Driving License or any other government approved ID.
  • Passport-sized photograph of the applicant.
  • Duly filled-in and signed-in application form

Applicants should note that the documentation and other formalities may vary as per the bank’s internal guidelines. The list above only includes some basic documents.

How to Apply for Kisan Credit Card Online?

The easiest way to apply for a Kisan Credit Card is to visit the bank’s website and submit an online application. The steps of application may differ from one bank to another. Usually, you will have to visit their website and go to the agricultural/rural banking section. Find the Kisan Credit Card product and click on apply now button. You will now have to fill a detailed application form and submit the same. Alternately, the bank may just ask a few details such as your mobile number, PAN, etc. and afterwards one of their executives will give you a call and guide you through the process.

When you apply online, an application reference number will be generated. You must keep this number safe as it can be used to track your Kisan Credit Card application status.

Features of Kisan Credit Card

Kisan Credit Cards come with the following features:

  • Kisan credit cards are valid for a period between 3 years and 5 years.
  • The loan limit and working capital are subject to annual revision.
  • The credit limit is based on the quantum of finance.
  • The repayment period in Kisan credit card is up to a maximum of 12 months.
  • Simple one-time documentation is required during application.
  • The credit facility is offered for both agricultural as well as other agro-allied activities.
  • Supplementary credit is available for crop production and any other financial contingencies.
  • Insurance cover provided by this credit card is available for the cardholder’s life as well as crop insurance is available on certain crops as a part of National Crop Insurance Scheme.
  • Fortification under the insurance scheme is against any loss of crops as a direct or indirect impact such as pest attacks or natural calamities, etc.
  • In a few cases, collateral security is required to be provided. In case the loan amount is beyond Rs.1 Lakh, then the Kisan credit card holder has to duly pledge his agricultural land as the registered mortgage as well as hypothecate the yield or crops raised on the land.
  • The Kisan credit card holders are provided with a plastic credit card-cum-passbook with name & address incorporated, apart from the details of land, validity period, credit limits etc.
  • All the withdrawal and payments are duly recorded on the passbook issued on a continuing basis and the Kisan credit card holding farmer have to submit the issued passbook while carrying out the transactions in the account.
  • The expected incremental revenue of the farmer has to be adequate to pay off any advance leaving ample amount for the farmer’s daily needs.

Benefits of Kisan Credit Card

With a Kisan Credit Card, farmers can enjoy the following benefits:

  • Flexible repayment options with the option to alter tenure.
  • Simple documentation and hassle-free sanction procedure.
  • Option to choose either single credit loan facility or term loan towards all agricultural requirements.
  • Steady and easily available finance option to lower down the interest burden on farmers.
  • Assistance in the purchase of various agricultural needs such as fertilizers, seeds, etc.
  • Helps to earn cash discounts from various merchants/dealers when using the card within India.
  • Availability of credit up to 3 years, without any prerequisite or seasonal appraisals.
  • Repayment of loan can be done post completion of the harvest season.
  • The interest rates on balances are lower than the traditional credit products available for the farmers.
  • The Margin, documentation, security and applicable terms and conditions are the same as that are applicable to other agricultural advance.
  • Takes away the farmer’s necessity to use cash or similar money instruments for each transaction.
  • Farmers need not apply for a new loan for each and every crop.
  • Application for this instrument can be completed in Hindi as well.
  • Specifically targeted at farmers as part of the government scheme for Kisan.

Kisan Credit Card FAQs

Does Kisan Credit Card have a revolving credit facility?

Yes. Just like a normal credit card, the revolving credit facility is also available on Kisan Credit Card.

What are the factors in calculating the credit limit of the Kisan Credit Card?

The initial credit limit on the card is offered on the basis of:

  • The proposed amount of finance and the cropping pattern.
  • Pre & post-harvest expenditure and household requirements.
  • Other Expenses required for the maintenance of crop and  farm assets, Insurance towards the such as Crop and such farm Asset insurance as well the Personal Accident Insurance Scheme

How Can I apply for this credit card?

In case you are eligible for this card, you may either apply online fthe or card or obtain an application form by visiting the nearest bank branch or NABARD office. The application form for Kisan Credit Card in Hindi is also available for farmers who cannot understand English.

What are the incentive and waivers available on these credit cards?

Banks at their own discretion generally waive off this fee:

  • Processing fees for the card within the credit limit up to Rs.3 Lakhs is waived.
  • Collateral security for this credit card within the credit limit up to Rs.1 Lakh is waived.

What is the insurance premium for personal accident insurance scheme available with this card?

Normally, the premium towards personal accident insurance is Rs.15 for 1 year, and Rs.45 for 3 years tenure.

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