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

    Karur Vysya Bank attempts to provide every kind of help that it can to the agricultural sector. This is one of the reasons why it offers multiple agricultural products and schemes. One of its popular schemes is the Green Card or the Green Card Plus (Kisan Credit Card) Scheme, through which it provides working capital and short or long-term credit to farmers in urban, semi-urban and urban areas. Farmers can use the money they receive on a loan to perform their daily agricultural and allied activities smoothly.

    Features and Benefits of Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) Scheme

    • Limit: There is no minimum and maximum limit for Karur Vysya Bank Green Card or Green Card Plus (Kisan Card)
    • Availability: This card is available to the people engaged in agricultural activities in urban, semi-urban and rural areas
    • Margin: There is 20% margin on the loans taken under the Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) Scheme
    • Validity: The Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) is valid for five years and is subject to review on an annual basis
    • Processing Charges: The processing charge on Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) is 0.3 percent
    • Security: If the value of the loan is up to Rs.2.5 lakh, then hypothecation of the crops and agricultural tools is required. If the value of the loan is above Rs.2.5 lakh, then along with the hypothecation of the crops and agricultural tools, farmers have to provide a third-party guarantee and land mortgage
    • Withdrawal: Farmers can withdraw money from the account using a cheque or through ATM or POS. Cardholders have to ensure that their withdrawals do not remain pending for over 1 year (12 months)

    Eligibility Criteria:

    The eligibility criteria for the Kasur Vysya Green Card or Green Card Plus (Kisan Card) are as follows:

    • An individual who is the owner and cultivator of a land is eligible for Kasur Vysya Green Card or Green Card Plus (Kisan Card).
    • Borrowers must be aged between 18 years to 75 years. Borrowers over the age of 70 years must have a co-borrower under the age of 60 years. A co-borrower must be a lawful heir or an immediate family member.

    Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) Interest Rates

    The interest rates for the Kasur Vysya Green Card or Green Card Plus (Kisan Card) are mentioned in the table below:

    Type of Facility Floating Interest Rates p.a.
    Floating Interest Rates p.a. 9.20%
    Investment credit 9.20%

    Other Agricultural Products / Schemes offered by Karur Vysya Bank

    • Farmer Two-Wheeler Loan
    • Loans for Green Harvester
    • Green Trac Loan
    • Jewel Loan
    • KVB Happy Kisan Scheme

    FAQs on Karur Vysya Bank Kisan Credit Card

    1. What is the interest rate on Karur Vysya Bank Green Card or Green Card Plus (Kisan Card)?

      Farmers can find the interest rate on Green Card or Green Card Plus (Kisan Card) from any branch of Karur Vysya Bank.

    2. How to obtain more information about Karur Vysya Bank Green Card or Green Card Plus (Kisan Card)?

      To obtain more information about Karur Vysya Bank Green Card or Green Card Plus (Kisan Card), a farmer can visit any branch of the bank or contact them on their customer care number.

    3. For how long is a Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) valid?

      A Karur Vysya Bank Green Card or Green Card Plus (Kisan Card) is valid for 5 years and is subject to review on an annual basis.

    4. When do farmers repay the money back to Karur Vysya Bank?

      Farmers have to repay the money to Karur Vysasa Bank in one year from the date of withdrawal.

    5. Can farmers withdraw money using their Green Card or Green Card Plus (Kisan Card) through ATMs?

      Yes, farmers can withdraw money using their Green Card or Green Card Plus (Kisan Card) through ATMs.

    6. What is the minimum age limit to apply for the Kasur Vysya Green Card or Green Card Plus (Kisan Card)?

      Individuals aged between 18 years to 75 years can apply for the Kasur Vysya Green Card or Green Card Plus (Kisan Card). Borrowers over the age of 70 years must have a co-borrower under the age of 60 years.

    7. What is the processing fee for the Kasur Vysya Green Card or Green Card Plus (Kisan Card)?

      The processing fee for the Kasur Vysya Green Card or Green Card Plus (Kisan Card) is 0.30%.

    8. Will farmers get accidental insurance coverage?

      Yes, free accidental insurance coverage worth Rs.50,000 will be offered to farmers.

    9. What are the repayment tenures offered on the Kasur Vysya Green Card or Green Card Plus (Kisan Card)?

      The repayment tenure is up to 1 year for cash credit and up to 7 years for term loans.

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