India’s largest private sector lender HDFC Bank was launched on Friday “Shaurya KGC Card” aiming to serve armed forces.

Unveiling the new product via the virtual platform, HDFC Bank Managing Director (MD) and Managing Director (CEO) Aditya Puri said it is a one-of-a-kind product designed specifically for the armed forces.

“With that, we have a product that is as good for the brothers in the armed forces as it is for the farmers. This is our Independence Day gift to our protectors. Jai Jawan, Jai Kisan, Jai Hind, ”Puri said.

The lender’s new product comes with new features and eligibility criteria specifically designed for more than 45 million people in India’s armed forces, the bank said.

The product is based on the Kisan credit card government directives. It will benefit families in the armed forces engaged in agricultural activities, the lender said.

The new Shaurya KGC card will finance agricultural needs such as crop production, post-harvest maintenance and consumption needs. Armed forces personnel can also avail of this funding to purchase agricultural machinery, irrigation equipment or build storage structures etc.

What are the features of the HDFC Bank Shaurya KGC card?

• Life cover of Rs 10 lakh against Rs 2 lakh for an average card
• Simple and easy documentation that does not require the physical presence of staff to accommodate the nature of their work and their availability

Who can all apply for the HDFC Bank Shaurya KGC card?

In one Press statement, HDFC Bank said: “All branches armed forces, including those serving in Army, Navy and Air Force, as well as para-military forces. “

How can members of the armed forces apply for the HDFC Bank Shaurya KGC card?

The loan facility has been designed with the financial needs of the armed forces in mind and can be used by:

1. To visit HDFC bank branches
2. Apply the loan through recently launched HDFC Bank e-Kisan Dhan app
3. By dialing an interactive voice response (IVR) system across India toll free number (1800 120 9655).