HDFC BankHDFC Bank Fleetxpress Prepaid Card – Benefits, Fees & Eligibility
Is the HDFC Bank Fleetxpress Prepaid Card Right for You?
The HDFC Bank Fleetxpress Prepaid Card is best suited for users who prioritize Business, Fuel, Travel. With a joining fee of ₹600 + GST and a renewal fee of ₹600 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Not Applicable as its primary reward mechanism.
Key Card Details
₹600 + GST
₹600 + GST
Not Applicable
Things to Consider
Lacks traditional welcome benefits or joining perks for new users.
Does not offer traditional reward points or cashback on spends.
Cash loading onto the card and fund transfers from it are restricted.
Benefits & Features
Reward Type
Not Applicable
Fees & Charges
Joining Fee
₹600 + GST
Renewal Fee
₹600 + GST
Cash Advance Charges
NIL at HDFC ATMs, ₹20+GST at other ATMs, 1% for POS cash withdrawal.
Pros & Cons
Pros
Key benefits and features of this card.
Streamlines cash disbursement to drivers and field executives online.
Offers robust spend control with customizable limits and policies for expenses.
Enables real-time tracking of all card expenditures for enhanced financial oversight.
Minimizes cash handling, significantly reducing the risk of financial leakage.
Highly versatile, accepted for fuel, tolls, lodging, food, and maintenance expenses.
Cons
Key drawbacks and limitations of this card.
Lacks traditional welcome benefits or joining perks for new users.
Does not offer traditional reward points or cashback on spends.
Cash loading onto the card and fund transfers from it are restricted.
Incurs an inactive card fee of ₹25 if unused for six consecutive months.
Withdrawals from non-HDFC ATMs incur a fee of ₹20 plus GST per transaction.
Product Details
Valid for 5 years from the card issuance date.
Full KYC cards allow loading up to ₹2 lakh; Mini KYC up to ₹10k/month.
Funds loaded via Corporate Portal; no cash loading or transfers from card.
Cards become inactive after 12 months of no financial transactions.
Supports digital KYC processes and instant card blocking/unblocking.
Usable at POS terminals, online, and ATMs for various business expenses.
Features entirely digital processes for convenience and efficient management.
Designed for fleet operators for easy cash disbursement to drivers and field executives.
Benefits & Features
Reward Type
Not Applicable
What matters, explained clearly
Introduction
The HDFC Bank FleetXpress Prepaid Card is a digital cash management solution specifically designed for Fleet Operators, Trucking, and Transportation companies. It positions itself as an essential tool for businesses looking to streamline financial operations, offering key benefits such as easy online cash disbursement to drivers, robust spend control through limits and policies, and real-time tracking of card expenditures.
Welcome Benefits
- No specific welcome benefits or joining perks are mentioned for this card.
Fees
- Issuance Fees: ₹600 plus applicable GST.
- Annual Fees: ₹600 plus applicable GST.
- ATM Cash Withdrawal Fees (HDFC Bank ATM): NIL.
- ATM Cash Withdrawal Fees (Other Bank ATM): ₹20 per transaction plus applicable GST.
- Balance Inquiry Fees (HDFC Bank ATM & others): ₹10 per transaction plus applicable GST.
- Re-Issuance Fees: ₹100 plus applicable GST.
- Duplicate ATM PIN/Internet Banking Password: ₹30 plus applicable GST.
- Inactive Card Fee (for 6 months): ₹25.
- Card Closure Fee: ₹25.
- Cash at POS Withdrawal Charges: 1% (Inclusive of GST).
- All fees are exclusive of applicable taxes unless otherwise stated.
Rewards
- Easy Cash Disbursement: Facilitates easy cash disbursement to drivers online.
- Spend Control: Allows setting limits and policies to control card spends.
- Real-Time Tracking: Enables real-time tracking of card spending for better financial management.
- Fund Withdrawal: Provides the facility to withdraw unused card funds with just one click.
- Zero Cash Handling: Eliminates cash handling, thereby reducing the risk of leakage.
- Instant Card Management: Cards can be instantly blocked/unblocked in real-time.
- Digital Processes: Features entirely digital processes for convenience.
- Demographic Updates: Allows instant updates in demographic details.
- Versatile Usage: Cards can be used for fuel purchase payments, toll payments, lodging, food, maintenance, and repair expenses.
- Acceptance: Usable at point-of-sale (POS) terminals, online, and at ATMs.
- Digital KYC: Supports digital KYC processes.
Rewards Redemption Guide
- This is a prepaid card for fund disbursement and expense management; it does not accrue traditional reward points or cashback for redemption. Funds loaded onto the card are directly spent.
Card Eligibility Criteria
- Target Audience: Designed for Fleet Operators, Trucking, and Transportation companies.
- Purpose: Suitable for businesses needing a Digital Cash Management Solution for cash disbursements.
- Who Can Apply:
- Fleet Operators can assign FleetXpress Cards to drivers, runners, or their field executives.
- Applicants must have access to HDFC Bank’s web portal or Mobile App for fund disbursement.
- Available to all corporates engaged with HDFC Bank in the logistics business and having a fleet of trucks.
- Ideal Usage: Ideal for companies looking to enable spending on fuel, toll payments, lodging, and other expenses via POS, online transactions, and ATM withdrawals.
Documents Required
- Identity Proof:
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving licence
- Passport-size photographs
- Address Proof:
- Latest utility bill
- Rental Agreement
- Passport
- Aadhaar Card
- Voter ID
- Income Proof:
- Latest salary slips
- Income tax returns
- Form 16
- Bank Statements
Important Product Details
- Validity: The HDFC Bank FleetXpress Card is valid for a period of 5 years from the card issuance date.
- Fund Loading Limits:
- Maximum capping on loading funds for Full KYC cards is ₹2 lakh.
- For Small/Minimum KYC cards, the limit is ₹10,000 per month and ₹1.2 lakh per annum.
- Fund Loading Method: Corporates can load the FleetXpress Card using the Corporate Portal. Cash loading on the card and fund transfers from the card are not allowed.
- Inactive Card Policy:
- As per RBI guidelines, cards with no financial transaction for a consecutive period of 12 months shall be made inactive by the bank after sending a notice to the cardholder.
- If inactive, the card will be temporarily blocked. To unblock, visit the Prepaid Card Portal or call Phone Banking at 1800 1600 or 1800 2600.
- The card should be used before 12 AM or it gets locked again after unlocking.
Other Details
- Application Process: You can apply for a FleetXpress Card via the HDFC Bank website or by visiting HDFC Bank branches.
- Legal Disclaimers: Terms and conditions apply. Prepaid Card approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change; please check with your Relationship Manager or closest bank branch for current interest rates.