{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md13523","title":"Reserve Bank of India [Small Finance Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13523","status":"In force from 1 January 2027","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Binding RBI Directions naming this institution class in the title","layer":"bankpulse_inference"},"applies_to":{"shown":"Small finance banks","class_code":"SFB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13523","mode":"four_dates_v1","published":{"label":"Published","value":"Jun 19, 2026","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"January 01, 2027","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"196 days","stated":true,"why":"The room between the day it was published and the day it starts to apply."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md13523.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13523","document_date":"Jun 19, 2026","read_by_bankpulse":"2026-08-21 16:22:23 UTC","text_sha256":"9d95b7ccc7956fb6dc7601812e7ed2ca5be437f8025d8715046c2312c2af85ac","word_count":3492,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":57,"points_naming_an_rbi_paragraph":57,"points_stored":57,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13523-db3f6a31","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"What this book does","plain_english":"This book sets out how a bank lends to a farmer under the Kisan Credit Card scheme.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":2517,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p1","layer":"bankpulse"},{"n":1,"claim":"md13523-bcc0dacb","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Short duration crop","plain_english":"A crop that takes up to twelve months from sowing to marketing is short duration.","rbi_paragraph":"Para 5(2)","rbi_char_offset":3851,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p2","layer":"bankpulse"},{"n":2,"claim":"md13523-cb0fea00","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Long duration crop","plain_english":"A long duration crop takes more than twelve months and up to eighteen months.","rbi_paragraph":"Para 5(3)","rbi_char_offset":4084,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p3","layer":"bankpulse"},{"n":3,"claim":"md13523-4e85b7db","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Seasons are standardised","plain_english":"The crop season is fixed at twelve months for short crops and eighteen for long ones.","rbi_paragraph":"Para 5(4)","rbi_char_offset":4196,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p4","layer":"bankpulse"},{"n":4,"claim":"md13523-9c070a5e","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Procedure must stay simple","plain_english":"RBI requires the process to be simple and standard for the borrower.","rbi_paragraph":"Para 3","rbi_char_offset":3320,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p5","layer":"bankpulse"},{"n":5,"claim":"md13523-8aaa68bd","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These rules apply to loans sanctioned on or after 1 January 2027.","rbi_paragraph":"Para 2","rbi_char_offset":2831,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p6","layer":"bankpulse"},{"n":6,"claim":"md13523-1d320d8c","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Older loans continue","plain_english":"A loan sanctioned before that date follows the earlier rules until it matures or is renewed.","rbi_paragraph":"Para 2","rbi_char_offset":2912,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p7","layer":"bankpulse"},{"n":7,"claim":"md13523-65681291","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"One facility, two parts","plain_english":"The card carries a working capital part and an investment credit part together.","rbi_paragraph":"Para 3","rbi_char_offset":3187,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan","working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p8","layer":"bankpulse"},{"n":8,"claim":"md13523-d2600987","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These rules bind every small finance bank in India.","rbi_paragraph":"Para 4","rbi_char_offset":3398,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p9","layer":"bankpulse"},{"n":9,"claim":"md13523-0c2458aa","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Marginal farmer defined","plain_english":"A marginal farmer holds land of up to one hectare.","rbi_paragraph":"Para 5(5)","rbi_char_offset":4338,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p10","layer":"bankpulse"},{"n":10,"claim":"md13523-79acea03","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Small farmer defined","plain_english":"A small farmer holds more than one hectare and up to two hectares.","rbi_paragraph":"Para 5(6)","rbi_char_offset":4426,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p11","layer":"bankpulse"},{"n":1,"claim":"md13523-070f56fe","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"KEY DATES","heading":"Facility runs six years","plain_english":"The composite facility is given for a term of six years.","rbi_paragraph":"Para 7","rbi_char_offset":4903,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p12","layer":"bankpulse"},{"n":2,"claim":"md13523-518db931","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Ten per cent added","plain_english":"Ten per cent more is added for post harvest expenses and household consumption.","rbi_paragraph":"Para 12(1)","rbi_char_offset":8117,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p13","layer":"bankpulse"},{"n":3,"claim":"md13523-37c54de0","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Scale not notified","plain_english":"Where the scale of finance is not notified, the bank adds ten per cent to last season.","rbi_paragraph":"Para 12(3)","rbi_char_offset":9136,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Suppose last season's scale of finance was ₹40,000 an acre, and this season's is not notified. The bank adds 10 per cent, giving ₹44,000 an acre.","anchor":"https://bankpulse.ai/rule/md13523#p14","layer":"bankpulse"},{"n":4,"claim":"md13523-8b77f4f9","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Rounding rule","plain_english":"The card limit is rounded off to the nearest one thousand rupees.","rbi_paragraph":"Para 12(5)","rbi_char_offset":9655,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"The card limit is rounded to the nearest ₹1,000. Suppose the working comes to ₹1,43,600. It is rounded to ₹1,44,000. A working of ₹1,43,400 is rounded to ₹1,43,000.","anchor":"https://bankpulse.ai/rule/md13523#p15","layer":"bankpulse"},{"n":5,"claim":"md13523-749220b2","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Ten per cent each year","plain_english":"From the second season, ten per cent is added to the previous season's limit.","rbi_paragraph":"Para 12(6)","rbi_char_offset":9827,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Suppose the first season's limit is ₹1,00,000. The second season's limit is 10 per cent more, which is ₹1,10,000. The third season's is ₹1,21,000.","anchor":"https://bankpulse.ai/rule/md13523#p16","layer":"bankpulse"},{"n":6,"claim":"md13523-592f3feb","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Flexi card for marginal farmers","plain_english":"A marginal farmer may be given a flexible limit of ten thousand to fifty thousand rupees.","rbi_paragraph":"Para 12(7)","rbi_char_offset":10183,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A marginal farmer may be given a flexible limit between ₹10,000 and ₹50,000. A card set at ₹30,000 sits inside that band. The bank sets it on its own assessment, not on the value of the land.","anchor":"https://bankpulse.ai/rule/md13523#p17","layer":"bankpulse"},{"n":7,"claim":"md13523-b2dcd3c1","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Investment loan term","plain_english":"The investment part is repayable within six years, by the kind of asset financed.","rbi_paragraph":"Para 19","rbi_char_offset":13505,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p18","layer":"bankpulse"},{"n":8,"claim":"md13523-389033b8","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"What the limit means","plain_english":"The sixth year short term limit plus the estimated long term limit is the card limit.","rbi_paragraph":"Para 9","rbi_char_offset":6947,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p19","layer":"bankpulse"},{"n":9,"claim":"md13523-945faa13","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Short part revolves","plain_english":"The short term part works as a revolving cash credit account.","rbi_paragraph":"Para 10","rbi_char_offset":7218,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p20","layer":"bankpulse"},{"n":10,"claim":"md13523-cb604fe1","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"No cap on operations","plain_english":"There is no limit on how many times the account may be debited or credited.","rbi_paragraph":"Para 10","rbi_char_offset":7282,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p21","layer":"bankpulse"},{"n":11,"claim":"md13523-51244282","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHO IT APPLIES TO","heading":"Who may borrow","plain_english":"An owner cultivator, a tenant farmer, an oral lessee and a sharecropper may all borrow.","rbi_paragraph":"Para 11(2)","rbi_char_offset":7576,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["microfinance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p22","layer":"bankpulse"},{"n":12,"claim":"md13523-004f6180","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHO IT APPLIES TO","heading":"Groups may borrow","plain_english":"A self help group and a joint liability group of cultivators are also eligible.","rbi_paragraph":"Para 11(3)","rbi_char_offset":7661,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["microfinance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p23","layer":"bankpulse"},{"n":13,"claim":"md13523-3c69aa8b","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"How the limit is built","plain_english":"The scale of finance for the crop is multiplied by the area under cultivation.","rbi_paragraph":"Para 12(1)","rbi_char_offset":8014,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p24","layer":"bankpulse"},{"n":14,"claim":"md13523-99f17edc","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Insurance premium added","plain_english":"The premium for crop, accident, health and asset insurance is added where taken.","rbi_paragraph":"Para 12(1)","rbi_char_offset":8694,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p25","layer":"bankpulse"},{"n":15,"claim":"md13523-efdb4e7f","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Change of crop, new limit","plain_english":"If the farmer changes his cropping pattern, the drawing limit is worked out afresh.","rbi_paragraph":"Para 12(2)","rbi_char_offset":8878,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p26","layer":"bankpulse"},{"n":16,"claim":"md13523-78fd4dcc","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Notified but not revised","plain_english":"Where the scale is notified but not revised, the existing scale is used.","rbi_paragraph":"Para 12(3)","rbi_char_offset":9296,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p27","layer":"bankpulse"},{"n":17,"claim":"md13523-cebe2c75","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Crops outside the scale","plain_english":"A crop with no notified scale of finance is lent outside the card framework.","rbi_paragraph":"Para 12(4)","rbi_char_offset":9482,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p28","layer":"bankpulse"},{"n":18,"claim":"md13523-025c722c","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Land value not the test","plain_english":"That flexible limit is set by the bank without tying it to the value of the land.","rbi_paragraph":"Para 12(7)","rbi_char_offset":10272,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p29","layer":"bankpulse"},{"n":19,"claim":"md13523-244c0ee3","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHO IT APPLIES TO","heading":"Allied activity borrowers","plain_english":"An animal husbandry farmer, a fisher and a fish farmer may borrow for allied work.","rbi_paragraph":"Para 14(1)","rbi_char_offset":11045,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p30","layer":"bankpulse"},{"n":20,"claim":"md13523-03c98527","page_group":"Chapter II. Credit - Purpose, Tenure and Limit","stored_section":"WHAT CHANGES","heading":"Consumption counted once","plain_english":"Where a farmer borrows for crops and allied work, the consumption component is counted once.","rbi_paragraph":"Para 15(3)","rbi_char_offset":12079,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p31","layer":"bankpulse"},{"n":1,"claim":"md13523-686eb399","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Three lakh with tie-up","plain_english":"Where recovery is tied up and crops are hypothecated, the waiver may go to three lakh rupees.","rbi_paragraph":"Para 24","rbi_char_offset":15377,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Collateral security may be waived for a loan up to ₹3 lakh. So a loan of ₹2.5 lakh is covered. A loan of ₹4 lakh is not.","anchor":"https://bankpulse.ai/rule/md13523#p32","layer":"bankpulse"},{"n":2,"claim":"md13523-35bec84c","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Affidavit up to fifty thousand","plain_english":"Where such a certificate is hard to get, an affidavit is accepted up to fifty thousand rupees.","rbi_paragraph":"Para 29","rbi_char_offset":17053,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A borrower who cannot get the certificate may give an affidavit instead. That works for a loan up to ₹50,000. A loan of ₹75,000 needs the certificate.","anchor":"https://bankpulse.ai/rule/md13523#p33","layer":"bankpulse"},{"n":3,"claim":"md13523-5364a579","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Interest on balances","plain_english":"The bank must pay interest on the smallest credit balance held in the card account.","rbi_paragraph":"Para 21","rbi_char_offset":14174,"weight":"DO IT","role":"Branch","team":null,"products_covered":["working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p34","layer":"bankpulse"},{"n":4,"claim":"md13523-1fb7d6c7","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Declaration must be kept","plain_english":"The bank must take a clear written declaration from the borrower and keep it on record.","rbi_paragraph":"Para 22","rbi_char_offset":14864,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p35","layer":"bankpulse"},{"n":5,"claim":"md13523-94c3403d","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Watch the end use","plain_english":"The bank must keep checking that the money is used for the purpose sanctioned.","rbi_paragraph":"Para 26","rbi_char_offset":15977,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p36","layer":"bankpulse"},{"n":6,"claim":"md13523-b81949c2","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Declaration at each review","plain_english":"At every review the bank must take a fresh declaration of the work proposed.","rbi_paragraph":"Para 28","rbi_char_offset":16612,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p37","layer":"bankpulse"},{"n":7,"claim":"md13523-1c238bf4","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Local certificates accepted","plain_english":"For a sharecropper or oral lessee, a certificate from the local body must be accepted.","rbi_paragraph":"Para 29","rbi_char_offset":16769,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p38","layer":"bankpulse"},{"n":8,"claim":"md13523-915ed71b","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Consent before premium","plain_english":"Consent must be taken at the application stage if premium is to come from the account.","rbi_paragraph":"Para 31","rbi_char_offset":17659,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p39","layer":"bankpulse"},{"n":9,"claim":"md13523-35f44f47","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Cover assigned to the bank","plain_english":"Insurance paid for out of the card facility must be assigned to the lending bank.","rbi_paragraph":"Para 32","rbi_char_offset":17903,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p40","layer":"bankpulse"},{"n":10,"claim":"md13523-3754f79a","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Digital channels opened","plain_english":"The bank must enable the card on unified payments interface, debit cards and net banking.","rbi_paragraph":"Para 34","rbi_char_offset":18582,"weight":"DO IT","role":"Technology","team":null,"products_covered":["credit-card","digital-payment","working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p41","layer":"bankpulse"},{"n":11,"claim":"md13523-915c9fd5","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Interest on advances","plain_english":"The interest charged follows RBI's own Directions on interest rates on advances.","rbi_paragraph":"Para 20","rbi_char_offset":13956,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p42","layer":"bankpulse"},{"n":12,"claim":"md13523-323835ed","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Gold pledge allowed","plain_english":"A voluntary pledge of gold or silver within that free limit is not a breach of the rule.","rbi_paragraph":"Para 22","rbi_char_offset":14638,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["agriculture-loan","gold-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p43","layer":"bankpulse"},{"n":13,"claim":"md13523-18100835","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Free limit means secondary","plain_english":"The collateral free limit covers secondary security only, not the asset the loan buys.","rbi_paragraph":"Para 22","rbi_char_offset":14976,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p44","layer":"bankpulse"},{"n":14,"claim":"md13523-29b51be7","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Sub-limits kept apart","plain_english":"Short term and long term parts are kept as separate accounts under one facility.","rbi_paragraph":"Para 25","rbi_char_offset":15857,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p45","layer":"bankpulse"},{"n":15,"claim":"md13523-4ab6af57","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Review and renew","plain_english":"Short term limits for crops and allied work are reviewed and renewed by credit policy.","rbi_paragraph":"Para 27","rbi_char_offset":16210,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p46","layer":"bankpulse"},{"n":16,"claim":"md13523-364a059f","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Papers taken once","plain_english":"Land record or tenancy papers are taken once, at the time of the fresh application.","rbi_paragraph":"Para 28","rbi_char_offset":16372,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p47","layer":"bankpulse"},{"n":17,"claim":"md13523-586400ea","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Insurance is the farmer's choice","plain_english":"The card holder chooses whether to take crop, asset, accident or health cover.","rbi_paragraph":"Para 31","rbi_char_offset":17388,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p48","layer":"bankpulse"},{"n":18,"claim":"md13523-c9e0cc20","page_group":"Chapter III. General Instructions","stored_section":"IMPACT","heading":"Drawing at the mandi","plain_english":"Mobile based drawing is allowed at agricultural input dealers and at mandis.","rbi_paragraph":"Para 33(3)","rbi_char_offset":18432,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p49","layer":"bankpulse"},{"n":19,"claim":"md13523-1c9b016a","page_group":"Chapter III. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Consent before digital access","plain_english":"Those digital channels are opened only after the account holder gives clear consent.","rbi_paragraph":"Para 34","rbi_char_offset":19079,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p50","layer":"bankpulse"},{"n":20,"claim":"md13523-35d5c45b","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Warehouse receipt linked","plain_english":"A loan against a warehouse receipt is linked to the short term card loan.","rbi_paragraph":"Para 35","rbi_char_offset":19357,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p51","layer":"bankpulse"},{"n":21,"claim":"md13523-9573b01c","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Subvention rules apply","plain_english":"Instructions on interest subvention and prompt repayment incentive continue to apply.","rbi_paragraph":"Para 36","rbi_char_offset":19565,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p52","layer":"bankpulse"},{"n":22,"claim":"md13523-5aa8fe18","page_group":"Chapter III. General Instructions","stored_section":"WHAT CHANGES","heading":"Bad loan rules apply","plain_english":"The usual rules on income recognition, asset classification and provisioning apply here.","rbi_paragraph":"Para 37","rbi_char_offset":19690,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p53","layer":"bankpulse"},{"n":1,"claim":"md13523-de70ae3d","page_group":"Chapter IV. Disclosure, Exemptions and Repeal Provisions","stored_section":"WHO SHOULD ACT","heading":"Quarterly reporting","plain_english":"Data on card loans is filed every quarter, within fifteen working days of its close.","rbi_paragraph":"Para 38","rbi_char_offset":20212,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p54","layer":"bankpulse"},{"n":2,"claim":"md13523-5a42a7a2","page_group":"Chapter IV. Disclosure, Exemptions and Repeal Provisions","stored_section":"WHAT CHANGES","heading":"RBI may exempt","plain_english":"RBI may extend time or exempt a lender from any part of these rules.","rbi_paragraph":"Para 39","rbi_char_offset":20425,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p55","layer":"bankpulse"},{"n":3,"claim":"md13523-bbd2302c","page_group":"Chapter IV. Disclosure, Exemptions and Repeal Provisions","stored_section":"WHAT IT REPLACES","heading":"What is repealed","plain_english":"The circulars withdrawn by these rules are listed in the appendix to the document.","rbi_paragraph":"Para 40","rbi_char_offset":20673,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p56","layer":"bankpulse"},{"n":4,"claim":"md13523-7746ed38","page_group":"Chapter IV. Disclosure, Exemptions and Repeal Provisions","stored_section":"WHAT IT REPLACES","heading":"Past action stands","plain_english":"Anything done under a repealed instruction stays governed by that instruction.","rbi_paragraph":"Para 42","rbi_char_offset":21118,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13523#p57","layer":"bankpulse"}],"actions":[],"amendments":[],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}