Start with a household budget
List income, seasonal farm costs, household expenses and existing repayments. For money needed soon, understand withdrawal conditions before committing it.
Compare deposit terms and early-withdrawal rules, insurance coverage and exclusions, and pension contributions and access conditions separately.
Deposit protection
DICGC insures eligible bank deposits up to ₹5 lakh including principal and interest per depositor, per bank, in the same right and capacity. Deposits across branches of one bank are combined. This is not a government guarantee for every investment.
Before borrowing
Ask for total repayment, interest and other fees, due dates, late-payment consequences, permitted loan purpose and the written complaint process. Kisan Credit Cards, overdrafts and grants are different products. Check scheme guidance and ask the bank about eligibility.
Do not sign blank forms. Read RBI financial awareness material.