Categories: Banking

Indian Bank launched digital renewal scheme for KCC holders

Indian Bank launched its KCC Digital Renewal scheme, enabling eligible customers to renew their Kisan Credit Card accounts via digital modes. The initiative is part of the bank’s digital transformation under project ‘WAVE’ – World of Advanced Virtual Experience. The account renewals can be done using Indian Bank’s IndOASIS mobile app and internet banking. Out of the total agriculture portfolio of Rs 88,100 crores, KCC constitutes Rs 22,300 crores with 15.84 lakh customers.

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The bank expects the digital initiative to come in handy for customers and intend to enhance the threshold limit to cover more KCC account holders.  In April this year, the bank had launched its first end-to-end digital product – Pre-Approved Personal Loan.

Important takeaways for all competitive exams: 

  • Indian Bank Founded: 15 August 1907;
  • Indian Bank Headquarters: Chennai;
  • Indian Bank CEO: Shri Shanti Lal Jain;
  • Indian Bank Tagline: Taking Banking Technology To The Common Man.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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