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Additional Benefits
Fees and Charges
| Description of Charges | Facility Type | Loan amount | Charges/ Fee Amount | Frequency of charging |
|---|---|---|---|---|
| Supervision Charges | KGC CC (Other than allied and other cases) | <= ₹10 lakh | ₹750 | Half Yearly |
| >₹10 lakh- ₹25 lakh | ₹1,250 | |||
| >₹25 lakh- ₹50 lakh | ₹1,500 | |||
| > ₹50 lakh | ₹3,000 | |||
| Allied Activities & Other | <= ₹25 Lakh | ₹2,000 | Quarterly | |
| > ₹25 lakh to ₹50 lakh | ₹2,500 | |||
| > ₹50 lakh | ₹3,000 | |||
| Processing Fee | Regular KGC | All | 2.00% | Loan Processing & at the time of enhancement |
| KGC Saral | All | ₹2.500 | ||
| Foreclosure Charges* | KGC TL | All | 4% of outstanding amount | At the time of loan closure |
| pre closure of KGC TL within 6 months is not allowed | ||||
| KGC CC (> 1 year) | All | Nil | NA | |
| KGC CC (< 1 year) | All | 4% | At the time of loan closure | |
| Late Payment Penalty | KGC TL | All | 2% p.m. on overdue amount | At the time of loan regularisation |
| KGC CC | All | 1.33% p.m. on overdue amount | At the time of loan regularisation | |
| Stamp Duty & other statutory charges | All | All | At actuals as per applicable laws of the State | Loan Processing |
| Legal, valuation and vetting charges | All | All | At actuals | At the time of loan Processing |
| Cheque Bounce Charges* | All | All | ₹550/- | At the instant |
| Cheque Swapping Charges | All | All | ₹500/- | Per transaction |
| CIBIL Report Copy Charges | All | All | ₹50/- | Per request |
| Repayment Schedule Charges | All | All | ₹200/- | Per request |
| *Charges which are in nature of fees are EXCLUSIVE of service tax. Service tax and other government levies, as applicable, would be charged additionally. Average Rates offered to customer during the period of Oct'18 to Dec'18 |
||||
| Bank IRR | ||
|---|---|---|
| Min IRR | Max IRR | Avg IRR |
| 9.25% | 16% | 11.34% |
| Average Annual Percentage Rate offered to customer during the period of Oct'18 to Dec'18 | ||
| APR | ||
|---|---|---|
| Min APR | Max APR | Avg APR |
| 9.25% | 16.05% | 11.34% |
| The above information is exclusive of accounts under government schemes. | ||
Frequently Asked Questions
The credit limit on the Kisan Gold Card scheme differs for every cardholder. It is determined based on your individual farming needs and is renewed/enhanced annually. You can utilise the credit limit to pay for your agricultural expenses and even withdraw cash up to a different, prescribed, cash withdrawal limit.
The Kisan Gold Card allows daily cash withdrawals of up to ₹15,000, while you can spend up to ₹25,000 per day at merchant outlets. This ensures that farmers have the financial flexibility to handle their daily expenses efficiently.
The Kisan Card offers the convenience of anytime, anywhere banking through various channels, including NetBanking and PhoneBanking. It simplifies the process of accessing funds and managing finances, ensuring farmers can focus more on their agricultural activities.
The loan amount for the Retail Agri Loans is determined based on the borrower’s farming requirements. The credit limit is assessed to ensure it meets the varied needs for agricultural activities and can be renewed annually.
Yes, the Kisan Gold Card comes with free Personal Accident Insurance cover up to ₹2 lakh, offering financial security and peace of mind for the cardholder.
The Kisan Gold Card offers easy credit with a renewable annual limit. The card is tailored to help you fulfil your specific farming-related expenses and needs. It provides an ATM-cum-Debit Card for cash withdrawals and purchases, and it comes with attractive interest rates and low processing charges. Additionally, it includes free Personal Accident Insurance and is accepted widely at Visa establishments and ATMs.
Yes, you may use the Kisan Gold Card for a variety of agricultural activities such as purchasing crop inputs, post-harvest expenses, and investing in agricultural equipment. You may also utilise the card to manage your personal expenses like domestic consumption and vehicle loans.
The following are the current interest rates levied by HDFC Bank on Retail Agri Loans:
- Minimum IRR: 9.10%
- Maximum IRR: 20.00%
- Average IRR: 11.60%
Note that interest rates are subject to change from time to time. The bank levies the rate applicable at the time of procuring the loan.
The Processing Charges levied by the bank are as under:
- Regular Kisan Gold Card: 2.0% of the loan amount.
- KGC Saral: a flat charge of ₹2,500.
Funds from the Kisan Gold Card can be used for a wide range of agricultural and related activities, including purchasing crop inputs, post-harvest and domestic expenses, buying agricultural equipment, irrigation costs, constructing farm buildings, and investing in dairy, piggery, poultry, and beekeeping businesses. It also supports vehicle loans for two-wheelers and four-wheelers.
The Retail Agri Loan comes with a repayment tenure ranging from a minimum of 1 year to a maximum of 7 years.
The Kisan Gold Card is accepted at all Visa establishments, HDFC Bank ATMs, and other banks' ATMs across the country and globally. You can conduct transactions at over 6,000 HDFC Bank ATMs nationwide.
Know More About Retail Agri Loans
Click here to register for the Kisan Card.
*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.