Kissan Savings

Overview

Lakshmi Kissan Savings Account is an exclusive Savings Account to fulfill the banking requirements of our farmers and individuals involved in agriculture allied activities.
The key features of the Kissan Savings Account includes banking with minimal half-yearly average balance and anytime access to the account through the ATM and Branch network.

Salient Features

  • Half yearly average balance of INR 1000/- across all branch locations
  • Unlimited cash withdrawal at base branch
  • RUPAY Classic Card, free for the 1st Year
  • Rs. 1,00,000 Personal Accident Cover available throughRUPAY debit Card
  • Free at pass book facility

Eligibility

  • Farmers, and other individuals employed in the allied agricultural activities sector. Allied Agricultural Activities considered under this product are:
    • Horticulture
    • Sericulture
    • Floriculture
    • Nursery Units
  • These must be supported by appropriate Governmentissued documentation such as Patta / Chitta /Adangal/Farmers Association Membership / Letter from VillageAdministrative Officer certifying the individual'sprofession.
  • Applicable only for residents of India.

Note: In case of joint account, the primary/first accountholder must be a farmer/agriculturist/ involved in Agri allied activities as mentioned above.

Documentation

  • In addition to the KYC documents required for savings account , customer has to submit the following document as well:
    • appropriate Governmentissued documentation such as Patta / Chitta /Adangal/Farmers Association Membership / Letter from VillageAdministrative Officer certifying the individual'sprofession

Interest Rates & Charges

Sr.No Particulars Lakshmi Kissan Savings Account

1

Average Half-yearly balance

Rs.1,000/- in Metro, Urban, Semi-urban and Rural centers

2

Charges for non-maintenance
of minimum balance

For accounts maintaining 50% or more of therequired average half-yearly balance

Rs.150/-

Foraccounts maintaining less than 50% of therequired average half-yearly balance

Rs.300/-

3

Cash Withdrawal Charges

i)Base branch

Free

ii) Non Base Branch

Rs. 1,00,000/- per day, subject to a maximum
withdrawal of Rs. 5, 00,000/- per day. For withdrawalsbeyond Rs. 100,000/- charges would be levied atRs. 2/- per Rs. 1,000/-, subject to a minimum ofRs. 25/- per transaction.

4

Cash Remittance charges

i)Base branch

10 transactions or Rs. 5 lakhs free per month, whicheveris earlier. Chargeable thereafter at Rs. 2/- per Rs. 1,000/-,subject to a minimum of Rs. 25/- per transaction.

ii) Non Base Branch

5

Clearing Cheque Return Charges

Inward Clearing Cheques

Rs. 150/-

Outward Clearing Cheques

Rs. 50/-

6

DD / PO Issue

Up toRs.1000 

Rs.15

Rs.1001-5000 

Rs.20

Rs.5001-10000 

Rs.25

Rs.10001 and above 

Rs.2.25/- per Rs.1000*

*subject to a minimum of Rs.25/-
Revalidation /Cancellation/ Issue ofduplicate of DD/POs - Rs. 50/-.

7

NEFT Charges

Rs. 5,000/- & below

Rs. 2.50

> Rs. 5,000 and <= Rs. 10,000/-

Rs. 5/-

> Rs. 10,000 and <= Rs. 1,00,000/-

Rs. 15/-

> Rs. 1,00,000/-

Rs. 25/-

8

RTGS Charges

Rs. 2 lakhs to Rs. 5 lakhs

Rs. 25/- to Rs. 30/-

Above Rs. 5 lakhs

Rs. 50/- to Rs. 55/-

9

Chq Book Facility

Free personalized cheque book of 25 Leaves at the timeof account opening, chargeable thereafter at Rs. 50/-per 25-leaf cheque book.

10

Debit card

RUPAY Classic Card, free for the 1st Year. Charged at Rs.100/- per annum from the 2nd year onwards, and for reorder

11

ATM Cash withdrawal limit

Rs. 50,000 per day, with a maximum of 5 transactions(financial & non-financial combined) per day

12

POS transaction limit

Purchase: Rs. 50,000/- per day;
Cash at POS: Rs. 2,000/- per day

13

E-Com transaction limit

Rs. 1,00,000/- per day

14

No. of free ATM transactions per month

LVB ATMs

Free

Non-LVB ATMs

Non-Metro: 5 transactions per month, subject to a
maximum of 3 transactions in Metro ATMs

15

Net Banking

Free (Optional)

16

RUPAY Insurance Program

Rs. 1,00,000 Personal Accident Cover available throughRUPAY Card to customers; Subject to RUPAY Terms andConditions.

17

Passbook

Free, duplicate passbook chargeable at Rs. 75/- (to bemanually charged by the branch)

18

SMS Alerts

Charges Applicable

19

Stop Payment

Rs. 50/- per cheque

20

Locker Facility

Charges Applicable