The RuPay Kisan Credit Card is given to the farmers who have an account under Kisan Credit Card (KCC) Scheme – an initiative by the Agriculture Ministry to provide credit support to the farming community. To recall, Kisan Credit Card Scheme was launched with the aim to provide need based, timely credit support to growers for cultivation purpose as well as for non-farming activities, in a cost-effective way. The best thing about Repay Kisan Credit Card is that it can be used for ATM, POS & E Com transactions also.
In addition, the bankers have been asked to only promote RuPay cards, the domestic card network introduced by the National Payments Corporation of India over other card networks.
Now let’s know about the benefits of having RuPay Kisan Credit Card;
Advantages of RuPay KCC:
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RuPay is well equipped to handle single message as well as dual messaging systems.
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Unlike Visa & MasterCard networks, it does not charge an entry fee.
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RuPay offers complete web based architecture, hence member banks will not have to develop a separate file based interface. It is a PIN based product so it gives enhanced security.
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The administration costs and quarterly charges are very low as compared to other international schemes. Repay also provides advanced features like processing of adjustment file to enable Tip & Surcharge processing on the SMS platform too.
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Repay can be used at any ATM or PoS for withdrawing cash. It removes the need of going to PACS or a bank branch to operate the account.
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Almost all the leading banks in India like PNB, Indian Bank, United Bank of India, Yes Bank, Federal Bank etc provide RuPay Kisan Credit Card.
Eligibility for RuPay Kisan Credit Card:
Farmers who are eligible for Kisan Credit Card are eligible for RuPay Kisan Credit Card also.
How to apply for RuPay Kisan Credit Card:
In order to apply for RuPay Kisan Credit Card, just visit your nearest bank branch and ask the concerned official about the procedure. You can also visit the bank’s official website for details about the scheme.
