Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Kisan Credit Card is a unique offer banks have put up for farmers to acquire affordable and timely credit in India. Under this scheme, farmers can meet investment requirements through easy credit options without hassles and time-consuming banking processes. These cards carry flexible repayment options and can even be delayed or rescheduled in case of a failed crop season. Extensions on repayment can stretch up to 4 years. RBL offers the Smart KCC Card which is Rupay enabled.
Credit is sanctioned to farmers without the hassle. Farmers need not go through the same banking processes to secure cash when needed.
Farmers can withdraw cash when needed from more than 1 lakh ATMs in India. This provides more mobility and freedom to access cash as and when needed.
The Smart KCC Card is accepted at 7 lakh merchants in the country. This gives farmers the convenience of purchasing required items from major stores and suppliers with the credit card.
The credit card is protected with a personal identification number which is required to authenticate any transaction. For cash withdrawals and POS terminals, the PIN is needed for the transaction to be completed.
Stay up to date on your credit card withdrawals and transactions with SMS and Email alerts. RBL will also update you on your credit card dues and payment dates.
The Smart Kisan Credit Card is valid for up to 5 years.
Credit is extended without rigid payment rules. Repayment can be rescheduled in case of a bad crop season. Repayment can be extended for up to 4 years.
You can use any of the following methods to apply for an RBL Smart Kisan Credit Card.
RBL Bank also offers the following banking products and services to the agricultural sector.
It offers finance and loans for:
It offers commodity finance for:
It offers loans on farm mechanization and vehicles for
It offers finance for corporate needs that include:
An applicant must satisfy the following eligibility criteria to be able to apply for RBL Kisan Credit Card:
The following can apply for RBL Bank Kisan credit card:
The following documents are required to apply for Kisan credit card:
Follow the steps mentioned below to apply for the Kisan credit card online:
Step 1: Visit the official RBL bank website
Step 2: Check the option for Kisan credit card
Step 3: Click on ‘Apply’ button
Step 4: Fill in the form with the required details
Step 5: Click on Submit
Once the application is submitted, check the reference number generated by the system and note it for future use.
You can visit the nearest RBL Bank branch and apply for this credit card. To do so you will have to ask for the Kisan credit card application form and submit it with the required details and documents.
Yes, it is preferable that you hold a savings or current account with the bank. In other cases a Kisan Credit Card might be offered at the bank’s discretion.
Yes, you can use the shop at any merchant that accepts Rupay. There are more than 7 lakh establishments that accept the credit card.
The bank sets a maximum daily cash withdrawal limit. This will be communicate to you by RBL Bank upon application. The cash withdrawal limit will also depend on the credit card limit sanctioned for you.
Visit the RBL Bank website. Select “Business” and opt for “Agri Business”. You can then choose “Farmer Finance & Crop Loan”. There will be an option to Apply Now at the bottom of the page. Fill out the form and submit.
The validity offered on these cards will be up to 5 years. Credit card validity is determined individually and will be stated on your credit card.
Farmers can avail themselves of a loan up to Rs.3 lakh using the Kisan credit card.
Yes, RBL Bank does provide the option to bank on their mobiles to maintain their loan accounts.
The minimum age required to avail Kisan credit card is 18 years and the maximum age allowed to avail the credit card is 75 years.
Other than RBL Bank, KCC is provided by Axis bank, HDFC bank, Bank of Baroda, Central Bank of India, etc.
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