Bank of India, with a view to help people in the farming sector and rural areas, have come up with a range of schemes to cater to their banking as well as farming & agricultural needs. To always stay in the forefront of such schemes to help farmers and backward population, Bank of India has introduced a number of schemes in the recent past including Indian Green Card, Kisan Suvidha Card, Kisan Gold Card and Kisan Samadhan Card. In the same line, Bank of India Krishi Vikas Card was introduced by the Bank of India for farmers to help them with emergency credit requirements and easy cash management.
Krishi Vikas Card by Bank of India helps farmers to make full use of banking technology to fund their agricultural purchases. With this card, farmers can be empowered with all the benefits of “Anywhere Anytime Banking”. BOI Krishi Vikas Card has been launched in partnership with VISA so that the cardholders have access to all VISA privileges as well.
The following advantages that come with Bank of India Shatabdi Krishi Vikas Card makes it a great financial tool for farmers, especially in semi-urban and rural areas, which helps them manage their cash and credit better.
Cardholders are offered up to 50% of the CC or Crop Cash Credit limit, subject to a maximum of Rs. 50, 000 and a minimum of Rs. 25,000 as credit limit.
The Shatabdi Krishi Vikas Card account will be linked to the CC/ Crop Loan Cash Credit account with the Bank of India Bank issuing the credit card and will facilitate hassle-free account and credit management.
Bank of India Shatabdi Krishi Vikas Cardholders can make cash withdrawals from the ATMs under “Cash Tree”, “BANKS” and VISA ATMs with on-line authorization. Cash withdrawals can be made at Bank of India branches also.
Bank of India customers holding Bank of India Shatabdi Krishi Vikas Card can make cash withdrawals up to 30% of the spending limit with a maximum withdrawal limit of Rs. 10,000 per day.
Cardholders will also be offered insurance cover and other services as applicable for VISA Credit CArd schemes pertaining to the Bank of India.
The application process for Bank of India Shatabdi Krishi Vikas Card is simple and easy. The documentation requirements are minimal and there is no card issuance charges.
The eligibility criteria to avail a Bank of India Shatabdi Krishi Vikas Card is as follows.
The applicant must have the following documents ready to proceed with the application process for BOI Krishi Vikas Card.
The documentation process is extremely simple for BOI Krishi Vikas Card. For a complete list of the documents that has to be furnished to avail this card, do enquire with the Bank of India before proceeding with the application process.
The penalty in case of default for Bank of India Shatabdi Krishi Vikas Card will be 1.70% per month.
Yes, the Bank of India Shatabdi Krishi Vikas Card is a photo identity card.
Yes, you will incur nominal charges for replacement of card in case you lose the card. However, there are no charges for initial card issuance.
No, cardholders will not be able to use their Bank of India Shatabdi Krishi Vikas Card at standalone ATMs. However, the card can be used at all Bank of India ATMs bearing “BANCS” and “CASH TREE” authorization.
Applying for a Bank of India Krishi Vikas card is easy. All that the customer has to do is fill in the application form and mention “Shatabdi Krishi Vikas Card” or get a rubber stamp on the top of the application after which they will have to submit all relevant documents to get a Bank of India Shatabdi Krishi Vikas Card.