federalbank.co.in Apply For Federal Bank Kisan Credit Card
Organization : Federal Bank Limited
Service Name : Federal Kisan Credit Card
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Apply Here : http://www.federalbank.co.in/federal-kisan-credit-card
Website : http://www.federalbank.co.in/fed-e-pay
Federal Kisan Credit Card :
Federal Kisan Cards are issued to farmers to meet their cultivation needs and non-farm requirements including purchase of inputs and other short term requirements and working capital requirements for allied activities in a flexible and cost effective manner.
Related : Federal Bank Fed E-Pay Telephone Bill Payment : www.statusin.in/19415.html
Key Features :
** To meet the recurring expense for crop raising/conducting seasonal operations.
** Minimal paperwork
** Beneficiaries under the scheme will be issued a Federal Rupay Kisan Card and pass book.
** Hassle free processing
** Minimum credit limit for Federal Kisan Credit Card is Rs.25,000/- and there is no ceiling on maximum amount.
Who can apply ? :
All the farmers who cultivate crops of those engaged in allied activities like Dairy, Poultry etc and for their composite requirements are eligible for Federal Kissan Credit Card scheme. Farmers cultivating authorised leased lands are also eligible.
Documents Required :
** Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
** Recent Passport size photograph
** Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
** Proof of Land Tax receipt, possession certificate etc.
Repayment options :
** Loan can be repaid as Lump sum.
Other Terms & Conditions :
Card Validity period:
The Federal Kisan Card is for a period 60 months subject to an annual review. The operations in the account shall be through the issuing branch only.
Loan Amount:
The limit is arrived at based on the operational Land holding, cropping pattern, scale of finance for crops grown, maintenance cost of Farm Animals, Farm machineries, allied activities and other contingent expenses of the applicant after insisting for 15% margin.
Security:
No margin / collateral security for loans up to Rs.1,00,000/- under the scheme. For limits above Rs.1,00,000/- collateral security has to be provided.
Interest Rates & Charges :
Please visit the rates and charges page for details
Federal Prathyasha Loan :
Federal Prathyasha Loan is designed to provide credit to distressed small and marginal farmers, enabling them to prepay their debt to the informal sector against collateral or group security.
Key Features :
** Ideal for individuals indebted to the informal sector – Either singly, jointly, or groups of 5-10 persons belonging to different families.
** Members of the JLG (Joint Liability Group) are also eligible.
** Minimal paperwork
** Speedy processing
** No hidden charges or heavy penalties
About Us :
Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.
The history of Federal Bank dates back to the pre-independence era. Though initially it was known as the Travancore Federal Bank, it gradually transformed into a full-fledged bank under the able leadership of its Founder, Mr. K P Hormis.