Madhya Bihar Gramin Bank Kisan Credit Card

Madhya Bihar Gramin Bank through its Kisan Credit Card Scheme aims to fulfil the working capital or short term credit requirements of farmers for the purpose of crop cultivation, marketing loan, post-harvest expenses, consumption needs and farm assets maintenance.

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Features and Benefits of Madhya Bihar Gramin Bank Kisan Credit Card Scheme:

Loan Extent –
- Up to Rs.5, 00, 000 generally
- Up to Rs.10, 00, 000, if borrowers have satisfactory operation records for the past 2 years
- Up to Rs.15, 000 for tenant farmers and landless labourers (based on oral lessees)
- Up to Rs. 50, 000 for Joint Liability Groups (JLGs) that have been recommended by NGOs with an approval from NABARD
- Up to Rs.25, 000 maximum to Joint Liability Groups (JLGs) that have given a certified copy of the owner of the land regarding land cultivation
Limit – The limit for Kisan Credit Card is fixed for the fifth year limit on the basis of the finance scale fixed by DLTC
Loan Disbursement – The loan will be disbursed in the revolving cash credit form. Based on the finance scale for the year, DP is allowed
Repayment – The money has to be repaid within a period of 1 year
KCC RuPay Card – The KCC RuPay card is provided to the farmers that can be used in any ATM in India
Interest Subvention – If a farmer repays the money quickly, then he can get an interest subvention of 3 percent from the Central Government of India
Crop Insurance and Personal Accident Insurance – It is compulsory for the applicants to have crop insurance and personal accident insurance
Accidental Insurance – Accidental Insurance of Rs.1, 00, 000 on RuPay card can be availed for no premium, if the cardholder made a transaction using the card within 45 days of the accident
Benefit for female Borrowers – If the loan amount is more than Rs.3, 00, 000, then the female borrowers will receive a discount of 0.25 percent over the normal rates
In case of agricultural loans that are repaid in a period of over 3 years, term premia of 0.5 percent is added

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Interest Rates for Madhya Bihar Gramin Bank Kisan Credit Card:

If an individual is borrowing a loan up to Rs.3, 00, 000 through their Madhya Bihar Gramin Bank Kisan Credit Card, they have to pay an interest of 7 percent per annum. This interest rate is applicable to regular accounts. If an individual borrows more than Rs.3,00,000 as loan through their Madhya Bihar Gramin Bank Kisan Credit card, they have to pay the normal rate of interest.

Service Charges for Madhya Bihar Gramin Bank Kisan Credit Card:

ATM (Kisan Card and RuPay Debit Card)
Type of Charge	Amount
Charge for issue of a RuPay Debit or Kisan card	No charge
Duplicate PIN	Rs.25
Cash Withdrawal through PNB ATM	No charge
Balance Inquiry through PNB ATM	No charge
Cash Withdrawal on Non – PNB ATMs (after availing the number of free withdrawals every month)	Rs.20 per withdrawal
Number of free Non- PNB ATM transactions in Metro Cities such as Kolkata, Delhi, Mumbai, Chennai, Hyderabad, Bangalore	3 (It is inclusive of the non- financial and financial transactions)