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.
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.
|ATM (Kisan Card and RuPay Debit Card)|
|Type of Charge||Amount|
|Charge for issue of a RuPay Debit or Kisan card||No charge|
|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)|
Madhya Bihar Gramin Bank does not charge any money for issuing Kisan Credit Cards.
Farmers can get more details about Madhya Bihar Gramin Bank Kisan Credit Card from any branch of the bank.
Yes, Madhya Bihar Gramin Bank Kisan Credit Card provides insurance coverage. It is mandatory for cardholders to opt for crop insurance and personal accident insurance coverage. Apart from this, the RuPay Kisan Credit Card provides insurance coverage in case of accidents for no premium, if the accident has taken place within 45 days from the date of last transaction made using the card
The money has to be repaid to the bank within 1 year.
Yes, farmers can access the RuPay Kisan Credit Card from anywhere in India