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Krishi Current Account

Krishi Current Account

Krishi Current Account

Axis Bank offers a convenient way for farmers to bank with the Krishi Current Account. Krishi Current Account provides farmers with the ease of accessing banking services from anywhere, using phone banking, debit card or Axis Bank’s corporate iConnect service. The current account is designed to apportion for the seasonal nature of the agricultural business. The benefits and features of the Krishi Current Account include rebates on maintaining higher balances, instant fund transfers and multi-channel banking. In this article, we will look at the Krishi Current Account in detail.

Features of Krishi Current Account

Anywhere Banking

The farmer can access the current account from anywhere with 800 branches or services outlets of Axis Bank.

  • Issues Multi-city cheque  payable  At-Par at any Axis bank branch
  • Deposit cheques were drawn on any location in the country for local clearing

Rebate on High Balances

On maintaining the higher balances in the Krishi Current Account, the farmer can earn rewards in the form of rebates on transaction charge

Higher the balances are maintained, higher the rebates up to a maximum of 50%

Image 1: Krishi Current Account
Image 1: Krishi Current Account

Instant Funds Easily

Opening the Krishi Current Account of wholesaler/retailer and farmer at any location allows for instant fund transfers.

Multi-Channel Banking

Axis bank provides ATM cum international business debit card under the Krishi Current Account. Mobile alerts at nominal cost are provided for the account holder.

Applicability – Krishi Current Account

The following types of individuals/entities are allowed to open Krishi Current Account:

Average Balance Requirements

The farmer can bank with low half-yearly average balance requirements:

  • Rs.10000 for urban areas
  • Rs.5000 for semi-urban areas
  • Rs.2500 for rural areas

Documentation for Krishi Current Account

The person desire to open a Krishi Current Account, should submit the completed and duly signed account opening application form along with the required documents.

Basic Documents

  • Proof of identity – PAN card, passport, voter’s ID card,  driving license
  • Proof of address – Latest electricity bill or telephone bill  

Documents for public or private limited companies

  • Memorandum and Articles of Association
  • Certificate of Incorporation and Commencement of Business
  • Board resolutions authorising the opening and operation of the accounts
  • List of Directors with residential addresses
  • PAN or General Index Registrar Number  or Form 60

Documents for Partnership Firms

  • Registration Certificate
  • Partnership Deed
  • Shop and Establishment Certificates
  • Letter from partners approving the persons concerned to operate the current account

Documents for Proprietorship Concerns

  • Certificate from a Statutory Body or State Government or Sales Tax Certificate or Shop and Establishment Certificate or  Trade License 
  • Letter of proprietorships duly signed by the proprietor in her or his individual capacity (with a rubber stamp)
  • For Hindu Undivided Family (HUF):
  • Letter of HUF duly signed by the Karta and all Co-Parceners
  • PAN or completed Form 60 or GIR Number
  • Names of Karta and Co-Parceners with a residential address
  • Latest photographs of all the authorised signatories

Documents for Trusts

  • Copy of the trust deed
  • The registration certificate
  • The resolutions by the trustees authorising the members to open and operate the account
  • Photographs of the members operating the Krishi current account associations or clubs
  • List of Trustees with residential addresses
  • Certificate of Registration
  • Bye-laws of the association or club
  • Copy of the resolutions by the board authorising the members concerned to open and operate the account
  • Passport size – photographs of the members operating the account

Fees and Charges

The Krishi Current Account fees and charges include the charges incurred for various transactions carried out through the account. The Krishi Current Account charges for pay orders, demand drafts, cheque & cash transactions and NEFT/RTGS transactions are nominal and completely transparent. You can find the Krishi Current Account fees listed in the table below.

Pay Orders


Pay Orders Details


Free Limit Nil


Ad Valorem Charges Rs. 1.00 / 1000


Transaction Charges Rs. 50 per PO

Demand Drafts


Demand Drafts

1 Payable at Axis Bank Locations

Free Limit




Ad Valorem Charges


Rs. 1.50 / 1000


Transaction Charges


Rs. 50 per DD



Payable at Correspondent Bank Locations under Desk Drawing arrangement


Rs. 2.50 / 1000; Minimum Rs. 25 per DD



Purchased from Other banks


Actual + Rs. 0.50 / 1000; Minimum Rs. 50 per DD

Cheque Transactions

Cheques Deposited at any Axis bank branch in the same city for local clearing is free: Cheque Transactions Details

Cheques paid at Non-Home Branch location and Cheques Deposited at any Axis Bank branch / ATM outside Home city Location for Local Clearing


Ad Valorem Charges


Rs. 1.50 / 1000


Transaction Charges


Rs. 25 per Cheque


2 Cheques Deposited at any Axis Bank branch for outstation collection # Drawn on Axis Bank Locations

Upto Rs. 10,000 – Rs. 50 per instrument


Upto Rs. 10,000 – Rs. 50 per instrument


Above Rs. 1 lac – Rs. 150 per instrument (Charges inclusive of postage)


Drawn on non-Axis Bank Locations


Upto Rs. 10,000 – Rs. 50 per instrument


Rs. 10,000 to Rs. 1 lac – Rs. 100 per instrument


Above Rs. 1 lac – Rs. 150 per instrument plus Other Bank charges (Charges inclusive of postage)

Cash Transactions

Cash Transactions Details


Home Branch



Free Limit


Rs.6lakhs/Half year

Charges above free limit


Above Rs. 6 lakhs and up to Rs. 2.5 cr. per Half-year – Rs. 3.00 / 1000
2 Above Rs. 2.5 crore and up to Rs. 10 crores per Half-year – Rs. 5.00 / 1000
3 Greater than Rs. 10 cr. per Half-year – Rs. 8.00 / 1000

Transaction Charges


Free up to 150 transactions per Half-year
5 Above free limit Rs. 50 per transaction
6 Interbranch (Intercity and Intracity)



Upto Rs. 2.5 cr. per Half-year – Rs. 4.50 / 1000
7 Above Rs. 2.5 crores and up to Rs. 10 crores per Half-year – Rs. 6.00 / 1000
8 Greater than Rs. 10 crores per Half-year – Rs. 9.00 / 1000

Upfront Charge


Rs. 100 per transaction 

Krishi Current Account – Banking Centres

The Krishi Current Account banking centres are listed below. To open a Krishi Current Account, you need to visit one of the Axis banking centres mentioned in the table below. Please note that the branch where you open your Krishi Current Account will be considered as the home branch and all the other branches will be considered as remote branches.

RBI Centres  :  Ahmedabad, Bengaluru, Bhubaneshwar, Bhopal, Chandigarh, Chennai,Guwahati, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Patna and Trivandrum.

Procedure to Open a Krishi Current Account

An applicant can choose to apply for a Krishi Current Account with Axis Bank either by visiting the nearest branch or through filling up a form on its website.

Note: The applicant (individual or entity) need to furnish the appropriate form of application and documents to open a Corporation Bank current account.

Access the home page of Axis bank and select the explore products option from the menu bar. Click on the agri and rural option and then choose Krishi current Account:

Image 2: Krishi Current Account
Image 2: Krishi Current Account

By clicking on Apply now option, the online application form merely prompts for his/her necessary details. In the case of the latter, the bank may contact the applicant to further the process. 

Image 3: Krishi Current Account
Image 3: Krishi Current Account

The particulars required in the current account application form must be filled in.

Image 4: Krishi Current Account
Image 4: Krishi Current Account

Once the application is submitted, the applicant has to pay the initial deposit.  After the verification account will be opened in the name of the applicant. The bank manager will issue Cheque Book and all other documents.