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OD against FD - Kisan Kalpvriksha (KKV)

ICICI Bank offers overdraft facility against your deposits lying with the Bank for meeting your financial requirements in relation to your agricultural or allied agricultural activities. You can avail this facility at a nominal mark-up over your deposit interest rate. Hence, you can avail of this facility in case of need for specified purposes, while retaining your deposit for full tenure.

Key features:

  • Nature of facility: Overdraft against term deposits (fixed deposits / recurring deposits)
  • Security: Term deposit with ICICI Bank. Lien is marked on deposit provided as security
  • Loan to value: Up to 90% of deposit value on the date of sanction
  • Eligible customers / Purpose of Loan (Indicative list):
    • Individuals/SHG/JLG engaged in agriculture or allied agriculture activity; corporate including cooperative societies of farmers, farmer producer companies engaged in agriculture and allied agriculture activities.
    • Construction of Storage facilities (Warehouse, silos, cold storage and cold chains)
    • Soil conservation and water shed development.
    • Plant tissue culture and agri-bio technology, production of seed, bio pesticides, bio fertilizers and vermi composting
    • Setting up Agri clinics and Agri business centers
    • Food and agro processing units.
  • Rate of interes

    In case of security being provided by borrower, deposit rate plus a mark-up of

    • 1 % for Farm credit & for Agriculture infrastructure and Agri ancillary activities

If security is provided by other than borrower then interest rate charged will be.

  • I-MCLR-1Y rate plus a mark-up of 1.50%

Note : Interest rate mark-up has been calculated on the FD having highest interest rate in case overdraft facility has been given against multiple FDs

Please note:

  • In case of multiple deposits being provided as security, the mark-up is charged over the deposit carrying highest rate of interest.
  • Mark-up is charged based on borrower profile and end use of the facility.
  • Interest is charged on the utilised amount on a pro rata basis
  • Interest servicing frequency is yearly or the date of maturity of OD whichever is earlier for Farm credit & it is monthly or maturity of OD whichever is earlier for Agriculture infrastructure and Agri ancillary activities.
  • Processing fee and other charges: There is no processing fee, foreclosure fee or renewal fee charged to the customer. A penal interest of 2% is charged over and above contracted rate for amount overdue to the Bank


  • Documentation required:
    • Application form, End use declaration, Debit mandate form, standard terms & conditions and Key fact statement. (in prescribed format)
    • Deposit receipts.
    • Occupation proof
    • KYC documents 
    • Board resolution in prescribed format (applicable in case of entities)
    • Any other document applicable as per customer profile

  • For more details, please visit your nearest ICICI Bank Branch.

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