HDFC Bank Fleetxpress Prepaid Card – Benefits, Fees & Eligibility

Introduction

The HDFC Bank FleetXpress Prepaid Card is a specialized digital cash management solution designed for Fleet Operators, Trucking, and Transportation companies. It serves as a General Purpose Reloadable (GPR) card, enabling businesses to easily disburse cash to their drivers, runners, or field executives. Its primary value proposition lies in facilitating online cash disbursement, offering spend control through limits and policies, and providing real-time tracking of card expenditures for enhanced financial management.

Prepaid Card Variant & KYC Tiers

• The HDFC Bank FleetXpress Card is a reloadable prepaid card. Corporates can load funds using the Corporate Portal.
• Full KYC Cards: Have a maximum loading limit of ₹2 lakh.
• Small/Minimum KYC Cards: Have a loading limit of ₹10,000 per month and ₹1.2 lakh per annum.
• The card is designed for use at Point-of-Sale (POS) terminals, online transactions, and ATM withdrawals.
• NCMC (National Common Mobility Card) transit compatibility is not mentioned.

Balance & Transaction Limits

• Maximum Loading Limit (Full KYC): ₹2 lakh.
• Monthly Loading Limit (Small/Minimum KYC): ₹10,000.
• Annual Loading Limit (Small/Minimum KYC): ₹1.2 lakh.
• The card allows for ATM cash withdrawals.
• Fleet operators can set limits and policies to control card spends for their drivers.
• Cash loading on the card and fund transfers from the card are not allowed for individuals; corporates manage funds via their portal.

Fees and Charges

• Issuance Fee: ₹600 plus applicable GST.
• Annual Maintenance Charges: ₹600 plus applicable GST.
• Re-issuance Fee: ₹100 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.
• Duplicate ATM PIN/Internet Banking Password: ₹30 plus applicable GST.
• Inactive Card Fee (for 6 months): ₹25 plus applicable GST.
• Card Closure Fee: ₹25 plus applicable GST.
• Cash at POS Withdrawal Charges: 1% (inclusive of GST).

How to Apply & Load Money

• Eligibility: The card is designed for Fleet Operators, Trucking, and Transportation companies. It is suitable for businesses needing a Digital Cash Management Solution for cash disbursements. Fleet Operators can assign cards to drivers, runners, or field executives. Applicants must have access to HDFC Bank’s web portal or Mobile App for fund disbursement. Corporates engaged with HDFC Bank in the logistics business and having a fleet of trucks are eligible.
• Application Process:
  • Check eligibility on the official website.
  • Submit the required documents online or by visiting your nearest HDFC Bank branch.
  • Upon approval, the FleetXpress Prepaid Card will be issued.
• 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.
• How to Load Money: Corporates can load funds to the FleetXpress Card using the Corporate Portal. Cash loading on the card is not allowed.

Important Product Details

• The HDFC Bank FleetXpress Card is a digital cash management solution for fleet operators, trucking, and transportation companies.
• It offers easy cash disbursement to drivers online.
• Provides facility to set limits and policies for spend control.
• Enables real-time tracking of card spending.
• Allows one-click withdrawal of unused card funds by the admin.
• Features instant blocking and unblocking of cards in real-time.
• Ensures zero cash handling and minimizes the risk of leakage.
• The entire process is digital, including instant updates in demographic details.
• The card supports payments for fuel, toll payments, lodging, food, maintenance, and repair expenses.
• The card is valid for a period of 5 years from the card issuance date.
• The card is a prepaid card, but the specific network (Visa/Mastercard/RuPay) is not explicitly mentioned.

Refund & Card Closure Terms

• Card Closure: A closure fee of ₹25 plus applicable GST applies if you wish to deactivate your card.
• Unused Funds: Unused card funds can be withdrawn with just one click by the corporate admin.
• Card Expiry: The card is valid for 5 years.
• Card Replacement: A re-issuance fee of ₹100 plus applicable GST is charged for obtaining a new card.

Other Details

• If the card has no financial transaction for a consecutive period of 12 months, it will be made inactive by the bank after sending a notice to the cardholder, as per RBI guidelines.
• An inactive card will be temporarily blocked. To unblock it, the cardholder must visit the Prepaid Card Portal or call Phone Banking at 1800 1600 or 1800 2600.
• After unblocking, the card must be used before 12 AM, or it will get locked again.
• 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.