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SBI Kisan Credit Card

SBI Kisan Credit Card Online

Last Updated 17th Jan 2022
  • SBI KCC is available for farmers in agriculture and allied sectors.
  • SBI Kisan credit card interest rates currently are at 7%.
  • Terms and conditions of SBI kisan credit card vary according to the crop produced and the region.
  • No requirement of collateral for loan up to ₹ 1,60,000.
  • SBI offers Kisan Credit Card for a maximum tenure of 5 years.
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SBI Kisan Credit Card (KCC)

SBI Kisan credit card is a low-cost credit instrument to provide interest aid to farmers engaged in the agriculture and allied sectors. It comes with a free ATM cum debit card. The functioning of SBI KCC is different from regular credit cards but on a macro level, more or less the same.

  • Get interest at saving bank rate on credit balance in KCC account; household items;agriculture and allied
  • Interest subvention @2% for loan amount upto 3 Lakhs and addition subvention @3% for prompt repayments.
  • Free ATM cum Debit card for all KCC borrowers.

SBI Kisan Credit Card – Features & Benefits

Different ways the Kisan credit card helps the farmers are:

  • SBI KCC offers savings accounts with lucrative interest rates, a debit card along with KCC.
  • Cardholders can get credit up to ₹ 3,00,000, and repayments can be made after the harvesting season is over.
  • SBI Credit is offered for the planting cost, post-harvest expenditure, and other expenses.
  • KCC comes with the options of flexible repayment and smooth disbursal process.
  • All SBI Kisan Credit Cardholder gets Kisan Crop insurance for sowing certain crops in certain areas. For permanent disability or death, KCC holders are covered up to Crop insurance for all KCC loans, and for other issues, coverage is of ₹ 25,000.
  • No collateral for credit up to ₹ 1,60,000.
  • Current SBI Kisan credit card interest rates are at 7% for one year or the due repayment date.
  • Interest is charged if the KCC holders don’t repay by the due date.

Eligibility Criteria For SBI Kisan Credit Card

Individuals and groups eligible for SBI Kisan Credit card are:-

  • Individuals as farmers, joint cultivator owners, Tenant farmers, oral lessees and sharecroppers etc., are eligible to apply for an SBI Kisan card.
  • Self Help Groups (SHGs) and Joint liability groups are also eligible to apply for SBI Kisan credit cards.
  • This scheme is also available for individuals and groups involved in fishery and animal husbandry.

Documents Required for SBI Kisan Credit Card

  • Aadhaar card, PAN card, Voter ID, driving license, etc. for proof of identity.
  • For address proof, applicants need to provide documents such as Aadhaar card, PAN card, Voter ID, driving license, utility bills (electricity).
  • Documents of the agricultural land.
  • Applicant’s recent passport size photograph.
  • Issuer banks may also ask to submit security Post Dated Cheque.

How to Apply for Kisan Credit Card SBI?

You can apply for a SBI kisan credit card through online and offline methods.

Apply for SBI Kisan KCC Online

  • Visit the official website of SBI.
  • Choose 'Kisan Credit Card' after searching the list of credit cards available.
  • Fill in the required details for SBI KCC and submit.
  • The bank will process the application and give the reference number.

Apply for SBI KCC Offline

  • Submit the downloaded duly filled application form for SBI Kisan credit card in the nearest SBI branch.
  • The bank will review the application and verify your details before sanctioning.
  • As you receive your SBI Kisan credit card, you can start using the credit available to you.

Points to know Under SBI Kisan Credit Card

  • Longer repayment tenure for KCC loans.
  • Credit up to ₹ 3,00,000 is available to the KCC holders, and repayment can be done after the harvesting season.
  • All cardholders are insured for permanent disability/death and other issues.
  • The terms and conditions may vary based on the crops produced and area.

FAQs

How can I get an SBI Kisan credit card?

Applicants can submit the downloaded application form online and or visit the nearest SBI branch for the hard copy of the form and submit it in the branch.

How can I check my SBI KCC balance?

You can check the SBI KCC balance by login into the SBI account or contact the SBI customer care service on toll-free numbers 1800-112-211/ 1800-425-3800 to check the details.

Who can apply for an SBI Kisan Credit Card?

Individuals as farmers, joint cultivator owners, tenant farmers, oral lessees and sharecroppers, fishery and animal husbandry farmers, etc., can apply for an SBI Kisan card. On a group basis, SHGs and Joint liability groups can also apply for SBI Kisan credit cards.

Can customers check the status of their SBI Kisan credit card application online?

Cardholders can track their SBI Kisan credit card application status online on the official website.


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SBI Credit Card News - Jan 2022
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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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