Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • ICICI Bank Kisan Credit Card

    As an extension of its Retail Agri Loan scheme, ICICI Bank offers the Kisan Credit Card to farmers, to meet their specific requirements. With the credit available through this card, borrowers can meet all the needs related to day-to-day farming.

    Features and Benefits of the ICICI Bank Kisan Credit Card:

    Convenient Banking Facility:

    Borrowers can easily access the Bank and all associated services without any hassles since the Bank has several branches and ATMS spread across the country. This ease of accessibility makes it easy for farmers to reach out to the bank for any matters related to the Kisan Credit Card and to easily make transactions.

    Large Network:

    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.

    Validity of the Card:

    The ICICI Bank Kisan Credit Card is valid for a maximum period of 5 years after a one-time documentation process. This will be renewed each year after a revision by the bank and also depends on the farming requirements of the card holder.

    Eligibility Criteria for the ICICI Bank Kisan Credit Card:

    In order to avail the ICICI Bank Kisan Credit Card, you have to fulfill the following eligibility pre-requisites:

    • The applicant should be more than 18 years old and should not be more than 70 years old. Only individuals falling within this age bracket can apply for the credit card.
    • He/ She should also own agricultural land, in order to be eligible for this credit card.

    Documentation for ICICI Bank Kisan Credit Card:

    Applicants have to submit the following documents when they are applying for this credit card:

    • Filled application form
    • Know Your Customer (KYC) documents
    • Property documents
    • Security PDC
    • Other documents as specified by the Bank at the time of application.

    Fees and Charges for ICICI Bank Kisan Credit Card:

    Charges Fees
    Rate of Interest 9.70% - 12%
    Processing Fee

    At the time of disbursement - 1% of the initial credit amount sanctioned

    At the time of review - 1% of the amount sanctioned at the time of review, or after holding the credit card account for over 1 year.

    Prepayment Penalty Nil
    Stamp Duty As per the State laws prevailing at the time of processing the credit
    Late Payment Penalty 2% of the overdue amount per month,
    Legal, valuation and vetting charges As per the State laws prevailing at the time of processing the credit

    Other Agricultural Banking Products offered by ICICI Bank:

    • Instant Gold Loan:

      ICICI Bank offers agricultural loan instantly against gold ornaments or other gold items owned by an eligible individual. This can help to fulfill the agricultural needs and business requirements of farmers.

    • Farmer Finance:

      Farmer Finance scheme offered by ICICI Bank takes care of all agricultural needs of farmers, from the stage of sowing to harvesting and also includes the transportation stage.

    • Agri Traders & Processors:

      ICICI Bank offers agri traders and processors unique schemes which are customized to serve their specific needs. The Bank extends loans as well as overdrafts quickly and conveniently.

    • Agri Corporates:

      ICICI Bank offers finance schemes that offer stable cash flow for businesses.

    • Tractor Loan:

      Tractor loans are offered to individuals involved in the agricultural sector. This is a simple and hassle free procedure.

    • Micro Banking:

      ICICI Bank provides financial aid to micro enterprises and other eligible applicants, in order to aid their functioning.

    ICICI Kisan Credit Card FAQs

    1. Are there any foreclosure charges on the ICICI Bank Kisan Credit Card?

      No, there are no foreclosure charges on the ICICI Bank Kisan Credit Card.

    2. How can I change my residential address registered at the Bank for my ICICI Bank Kisan Credit Card?

      If a cardholder has moved to another residence or relocated, then he/ she should inform the Bank of the same within 2 weeks’ time, following which, a valid proof of address should be submitted in the Bank.

    3. What are the benefits of ICICI Kisan Credit Card?

      The ICICI Kisan Credit Card provides farmers with quick loans with minimal paperwork. Withdrawals are with revolving credit and repayments within the fixed credit limit that have to be done within a year.

    4. How to get ICICI Bank Kisan Credit Card?

      The ICICI Bank Kisan Credit Card can be easily obtained by visiting any branch of ICICI Bank or by applying online on the bank’s official website.

    5. Can I get ICICI Kisan card online?

      Yes, you can apply for the ICICI Kisan Credit Card online on the bank’s official website.

    6. Can I get loan on ICICI Bank Kisan Credit Card?

      The ICICI Bank Kisan Credit Card offers loans through the card to farmers which have a one-year repayment tenure and revolving credit which is based on the credit limit of the card.

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