Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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.
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 amounts 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.
Kisan Credit Cards By Top Banks
Bank of Baroda Kisan Credit Card
Bank of India Kisan Credit Card
Indian Bank Rupay Kisan Credit Card
Union Bank of India Kisan Credit Card
In order to avail the ICICI Bank Kisan Credit Card, you have to fulfill the following eligibility pre-requisites:
Applicants have to submit the following documents when they are applying for this credit card:
| Charges | Fees |
|---|---|
| Rate of Interest | 9.00% - 13.60% |
| 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 | Rs.500 per bounce/late-payment of interest on the due date |
| Legal, valuation and vetting charges | As per the State laws prevailing at the time of processing the credit |
ICICI Bank offers agricultural loans instantly against gold ornaments or other gold items owned by an eligible individual. This can help to fulfil the agricultural needs and business requirements of farmers.
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.
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.
ICICI Bank offers finance schemes that offer stable cash flow for businesses.
Tractor loans are offered to individuals involved in the agricultural sector. This is a simple and hassle-free procedure.
ICICI Bank provides financial aid to micro enterprises and other eligible applicants, in order to aid their functioning.
No, there are no foreclosure charges on the 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 to the bank.
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 has to be done within a year.
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.
Yes, you can apply for the ICICI Kisan Credit Card online on the bank’s official website.
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.
To apply for an ICICI Bank Kisan Credit Card, the applicant must be aged between 18 years to 70 years. The applicants must possess agricultural land and must be involved in agricultural or associated agricultural activities.
The interest rates offered on ICICI Bank Kisan Credit Card loans range from 9.00% to 13.60%.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
