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Indian Bank Unveils KCC Digital Renewal Scheme

Public sector Indian Bank has unveiled KCC Digital Renewal Scheme  enabling customers to renew their Kisan Credit Card accounts through the digital platform. Under the project WAVE - World of Advanced Virtual Experience initiative, Indian Bank Managing Director and CEO, S L Jain launched the scheme which eliminates the need to visit a branch or submit added physical documents.

  • The bank aims to serve 15.84 lakh customers of Kisan Credit Card constituting Rs 22,300 crore of the total agriculture portfolio which is pegged at Rs 88,100 crore.
  • The scheme is offered to customers who have outstanding loans of Rs 1.60 lakh and currently about eight lakh customers (of the 15.84 lakh) have outstanding loans below Rs 1.60 lakh, it said.

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