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Kisan Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Bank of India RuPay Entry

Annual Fee

₹0

Base Rate

0.0%

Reward Type

Points

Overview

The Kisan Credit Card is a Entry credit card issued by Bank of India on the RuPay network. It offers a base reward rate of 0.0% on all spends, with rewards issued as Points(1 pt = ₹0.0).

Annual Fee: Lifetime Free
Eligibility: Open to all farmers, including individuals, joint borrowers, tenant farmers, and farmer groups (SHGs/JLGs).

Reward Rates & Cashback Rules

  • CATEGORY – All Spends: 0.0% cashback ⚠️ This is a credit scheme for agricultural purposes and does not offer rewards points or cashback.

Key Features & Benefits

  • Subsidized Interest Rate 💰: Effective interest rate as low as 4% per annum on loans up to ₹3.0 lakhs with prompt repayment, due to government interest subvention.
  • Collateral-Free Loan 📄: No collateral security is required for agricultural loans up to ₹2.00 lakh.
  • Insurance Coverage ☂️: Includes Personal Accident Insurance Scheme (PAIS) for the borrower and an option for crop insurance under Pradhan Mantri Fasal Bima Yojana (PMFBY).
  • Flexible Repayment 🔄: The repayment period is flexible and aligned with the harvesting and marketing period of the crops.

Eligibility Criteria

Open to all farmers, including individuals, joint borrowers, tenant farmers, and farmer groups (SHGs/JLGs).

Features & Benefits

💰

Subsidized Interest Rate

Effective interest rate as low as 4% per annum on loans up to ₹3.0 lakhs with prompt repayment, due to government interest subvention.

📄

Collateral-Free Loan

No collateral security is required for agricultural loans up to ₹2.00 lakh.

☂️

Insurance Coverage

Includes Personal Accident Insurance Scheme (PAIS) for the borrower and an option for crop insurance under Pradhan Mantri Fasal Bima Yojana (PMFBY).

🔄

Flexible Repayment

The repayment period is flexible and aligned with the harvesting and marketing period of the crops.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

All Spends
Reward: 0.0%
⚠️ Exceptions: This is a credit scheme for agricultural purposes and does not offer rewards points or cashback.
0%

Value Chart

Assuming basic spends for Kisan Credit Card

Category Kisan Credit Card Axis Bank Neo Credit Card LIC Axis Bank Platinum Credit Card Axis Bank Kwik Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹250 ₹0 ₹0
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		0.0% 0.5% 1.0% 1.0%
★
Known Rules 		1 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

  • + All Spends — 0.0% Points
  • + Subsidized Interest Rate
  • + Collateral-Free Loan
  • + Insurance Coverage
  • + Flexible Repayment
✗

Cons

  • −Forex markup of 3.5% on international spends
  • −Relatively low base reward rate of 0.0%

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹0

Annual Fee

₹0

Net Value

+₹0

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You want straightforward cashback — the reward rate of 0.0% is thin
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

Community Reviews

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Frequently Asked

The main benefit is access to affordable credit with a highly subsidized interest rate, which can be as low as 4% per annum for farmers who repay their loans on time.

No, for KCC loans up to ₹3.00 lakh, all charges including processing and annual fees are waived by the bank.

No, the credit is specifically for agricultural and allied activities. While a small portion can be used for household needs, its primary purpose is not for general shopping or non-farm expenses.

The scheme is open to all farmers, including owner-cultivators, tenant farmers, sharecroppers, and Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers.

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