Axis Bank Launched 'Kisan Card'

Over the decade after the state run banks launched Kisan Credit Cards, private sector lender bank, Axis Bank launched an electronic Kisan Card on the Rupay Platform, through which a farmer can withdraw up to Rs. 1 lakh per day from ATMs (Automated Teller Machines)

Electronic Kisan Card:

• Purpose: To facilitate easy agriculture lending to farmers through ATMs
• Will be offer to agrarian customers on their cash credit crop loan accounts
• Helpful for them to reduce the internet burden as the internet payments start after withdrawal of the money
• Provides queue free, 24x7 disbursement facility for farmers
• Allows them to use their loan limit by withdrawing cash up to Rs. 1 Lakh per day, in the required quantum, as and when required, thereby reducing their interest burden and negating the risk of carrying higher volume of cash

Axis Bank - The bank, the third largest from the private sector space in India. It offers financial services to customer segments covering Large and Mid-Cooperates, MSME, Agriculture and Retail Businesses. Axis Bank has its headquarters in Mumbai