Axis BankAxis Bank Kisan Debit Card – Benefits, Fees & Eligibility
Is the Axis Bank Kisan Debit Card Right for You?
The Axis Bank Kisan Debit Card is best suited for users who prioritize Business. With an issuance fee of ₹250 + GST and an annual maintenance charge of ₹150 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost.
Key Card Details
₹250 + GST
₹150 + GST
Things to Consider
Functionality is strictly limited to domestic ATM cash withdrawals, lacking POS/ECOM/NFC use.
The card does not offer any reward points, cashback, or lifestyle benefits.
Users are subject to an annual fee and an issuance fee for the card.
Benefits & Features
Fees & Charges
Issuance Fee
₹250 + GST
AMC Fee
₹150 + GST
Pros & Cons
Pros
Key benefits and features of this card.
Provides instant and secure access to your Axis Bank crop loan account for cash withdrawals.
Benefit from a high daily domestic ATM cash withdrawal limit of ₹1,00,000.
Enhanced security with a Chip and PIN based card, protecting your transactions.
Receive SMS alerts for all transactions, balance inquiries, and other vital information.
Enjoy convenient features like easy PIN generation and instant card blocking facilities.
Cons
Key drawbacks and limitations of this card.
Functionality is strictly limited to domestic ATM cash withdrawals, lacking POS/ECOM/NFC use.
The card does not offer any reward points, cashback, or lifestyle benefits.
Users are subject to an annual fee and an issuance fee for the card.
Product Details
Personalized, Chip and PIN based domestic ATM Card for secure transactions.
Exclusively designed for cash withdrawals from Axis Bank crop loan accounts.
Issued on the RuPay network by Axis Bank, ensuring domestic usability.
Features a high daily domestic ATM cash withdrawal limit of ₹1,00,000.
Joint holders are explicitly not eligible for Kisan Debit Card issuance.
Provides SMS alerts for all transactions, balance inquiries, and important updates.
Offers convenient features like easy PIN generation and instant card blocking facilities.
Benefits & Features
What matters, explained clearly
1. Introduction
The Kisan Debit Card, issued by Axis Bank on the RuPay network, is specifically designed for crop loan account holders. It provides instant access to their crop loan account for cash withdrawals, primarily catering to the needs of rural customers. Key highlights include a high domestic cash withdrawal limit of ₹1,00,000 and the security of a Chip and PIN based card.
2. Fees & Waiver Math
Fees
- Primary Holder Issuance Fee: ₹250/- (Explicit)
- Primary Holder Issuance Fee + 18% GST: ₹295/- (Derived)
- Primary Holder Annual Fee: ₹150/- (Explicit)
- Primary Holder Annual Fee + 18% GST: ₹177/- (Derived)
- Replacement Fee: ₹100/- (Explicit)
Charges
- Axis Bank ATM Usage Charges: Nil (Explicit)
- Other Bank ATM Cash Withdrawal Charges: ₹23/- (Explicit)
- Other Bank ATM Non-Financial Transactions: ₹10/- (Explicit)
- Free Transactions at Non-Axis Bank ATMs: 5 transactions (Cash withdrawal/Balance enquiry/statement printing) (Explicit)
- Charges are applicable beyond the set free limit (Explicit).
Late Payment Charges (TABLE)
| Amount Due | Charge |
|---|
No data available from input
7. Exclusion Velocity & Capping
Caps
- Daily ATM Cash Withdrawal Limit: ₹1,00,000 (Explicit)
- POS/ECOM/NFC Limit: Not applicable (Explicit)
8. Eligibility & MRV
- Eligibility: Required to open a KCC loan Account (Kisan Credit Card loan account) with Axis Bank (Explicit).
- Documents: Not explicitly available from input.
9. Card Review & ROI Analysis
Pros
- Instant access to crop loan account for cash withdrawals.
- High domestic ATM cash withdrawal limit of ₹1,00,000.
- Chip and PIN based for enhanced security.
- SMS alerts for transactions, balance inquiry, and other important information.
- Easy PIN generation and instant card blocking facilities.
Cons
- Limited to domestic ATM cash withdrawals; no POS/ECOM/NFC functionality.
- No rewards, cashback, or lifestyle benefits.
- Annual fees apply.
Verdict
The Kisan Debit Card is a Value-positive product specifically for Axis Bank crop loan account holders. It is ideal for users who primarily need convenient and secure access to withdraw cash from their KCC loan account within India. Its utility is highly specialized, making it a strong fit for its target segment despite the absence of broader debit card features like POS/ECOM/NFC transactions or rewards.
10. Important Product Details
- Card Type: Personalized, Chip and PIN based, domestic ATM Card (Explicit)
- Purpose: Used for cash withdrawal from crop loan account (Explicit)
- Withdrawal Limit Condition: Subject to balance held in account (Explicit)
- Joint Holder Eligibility: Joint holder will not be eligible for Kisan debit card issuance (Explicit).
11. Other Details
- Platform/Provider: RuPay (Explicit), Axis Bank (Explicit)
- Legal Notes:
- Disclaimer against using Debit Card or online banking for collecting/effecting/remitting payments directly/indirectly outside India for overseas foreign exchange trading through electronic/internet trading portals, citing contravention of FEMA, 1999, and KYC/AML violations (Explicit).
- References RBI Circular: A.P. (DIR Series) Circular No. 46 dated Sep 17, 2013 (Explicit).