Axis Bank Krishi Savings Account

Axis Bank Krishi Savings Account scheme was introduced by Axis Bank to encourage the farmers in India. Farming in India in the last couple of years has gone from a positive economic system to a negative economic system, resulting in developing suicidal tendencies in the farmers. This scheme has proven to be a boon for the people related with the agriculture society. Axis Bank Krishi Savings Account allows the subscriber to transfer amount to their bank account instantly.

Here are some features and benefits of Axis Bank Krishi Savings Account:

  • People related with agriculture activities such as dairy farming, poultry farming, apiculture, fisheries, horticulture, handcraft industry (khadi), floriculture, crop farming and much more are allowed to subscribe for Axis Bank Krishi Savings Account scheme.
  • The average balance required for opening an Axis Bank Krishi Savings Account is
    • An average of Rs 2500 on a six month basis in rural and semi-urban areas.
    • In metro cities, an average of Rs 2500 on a six month basis is required if the subscriber is transacting using the Kisan Credit Card (KCC) and linking their accounts with sugar samities and commission agents.
    • If the subscriber is transacting funds using KCC and linking it with sugar samities and commission agents, he/she needs to provide the proof of those linking. Otherwise, Rs 5000 will become an average balance requirement.
  • Axis Bank Krishi Savings Account benefits with Global Master Debit Card and the subscriber can manage their account through Axis Bank ATMs all over India.
    • The maximum of Rs 40,000 has been set as the daily cash withdrawal amount.
    • Rs 2 Lakhs is set as a personal accident cover up.
  • Axis Bank Krishi Savings Account scheme benefits with reward programs like eDGE Loyalty Rewards Programs which can allow a subscriber to make the monthly credit transaction of Rs 50,000 or more through the subscriber's pension savings account, by starting an Axis Direct Account and opening a RD account of Rs 2000.

Eligibility and Required Documents:

  • The farmer's identity proof such as PAN Card, Adhaar Card etc is required for filling up the form.
  • The address proof of the farmer is as mentioned in the identity proof.
  • In case the applicant doesn't possess an ID card, he/she is required to acquire a letter from a known government official like a revenue officer or patwari. The letter must consist of a rubber stamp seal and must be submitted as early as possible because the bank will not accept any letter which is older than a month.
  • The last document required for filling up the form is the Certificate from the village administrative. This is to confirm that the applicant is a farmer.

Other Banks Savings Accounts

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