The country's largest lender State Bank of India (SBI) today announced that farmer customers who have SBI Kisan Credit Card Account can review their account without visiting their nearest bank branch. Via its official Twitter account, SBI today has announced that "KCC Review from the comfort of your place. SBI farmer customers can now apply for KCC review without visiting the branch." The bank has also further said that "Your Kisan Credit Card account with SBI can now be reviewed online on YONO without branch visit."
Benefits of YONO Review
The following are the key features of the procedure, according to the SBI website:
- Hassle-free KCC review on through YONO App or at YONO Branch.
- Contactless & paperless journey for application through YONO App.
- E2E process on YONO Branch portal.
- Standardization of KCC Review process.
- Minimum data entry by farmer and branch.
Steps to apply
- Download YONO app on your mobile and sign in to your account using the required credentials.
- Go to the 'YONO Krishi' section and tap on 'Khata'
- Now tap on 'KCC Review' and then tap on 'Apply'
KCC Review from the comfort of your place.— State Bank of India (@TheOfficialSBI) August 4, 2021
SBI farmer customers can now apply for KCC review without visiting the branch. Download #YONOSBI app now: https://t.co/wWHot51u7y#SBI #StateBankOfIndia #YONOKrishi #Farmers pic.twitter.com/6iyu6J2yzI
About SBI Kisan Credit Card Account
For the benefit of farmers, SBI offers a Kisan Credit Account with a 5-year term and a 10% yearly increase in credit amount, subject to annual review. According to the bank, the account also includes a 3% interest subsidy for timely borrowers up to Rs. 3.00 lacs. The account repayment time varies according to crop period (short and long) and crop marketing period. Borrowers of the Kisan Credit Card (KCC) under the age of 70 are insured by the Personal Accident Insurance Scheme (PAIS). PRADHAN MANTRI FASAL BIMA YOJNA (PMFBY) also covers qualifying crops, according to SBI.SBI Kisan Credit Card Account provides a 7 percent interest rate on up to Rs 3 lacs, RuPay cards for all eligible KCC borrowers, and accidental insurance of Rs.1.00 lakh for Rupay Cardholders if the card is used once in 45 days.