HDFC Bank Moneyplus Petro Prepaid Card – Benefits, Fees & Eligibility

Introduction

The HDFC Bank MoneyPlus Petro Prepaid Card is a corporate-focused prepaid card designed to streamline petroleum expense management for businesses. Positioned as a dedicated fuel card, it offers exclusive acceptance at all petrol pumps across India, a high balance limit of up to ₹2,00,000, and comes as a customised Visa/RuPay card with a 5-year validity. Its primary differentiating benefits include robust expense tracking through NetBanking, enhanced security with restrictions on non-petroleum purchases, and simplified corporate administration for loading and distribution.

Fees

• Issuance Fee: ₹100 plus applicable taxes (GST).
• Annual Fee: ₹100 plus applicable taxes (GST).
• Reissuance Fees: NIL.
• ATM Cash Withdrawal Fees (HDFC Bank and others): Not Applicable (N/A), as cash withdrawal is not permitted.
• Balance Inquiry Fees (HDFC Bank ATM and others): ₹10 plus applicable taxes (GST) per transaction.
• Cash at POS Withdrawal Charges: Not Applicable (N/A), as cash withdrawal is not permitted.

Rewards

The HDFC Bank MoneyPlus Petro Prepaid Card offers benefits primarily focused on fuel expenses and management:

• Fuel-Related Savings: The card often comes with fuel-related rewards and discounts, helping users save money on fuel purchases.
• Expense Control: Provides better control over fuel expenses, making it a great tool for budget management.
• Exclusive Acceptance: Accepted exclusively at all petrol pumps/gas stations nationwide for fuel purchases (petrol, diesel, gas).

Card Eligibility Criteria

• Corporations: All corporations engaged with HDFC Bank, whether new or established partnerships, are eligible to secure the MoneyPlus Petro Prepaid Card for their team members.
• Employees: Corporates interested in availing the cards can offer this card to their employees.

Important Product Details

• Exclusive Acceptance: Accepted at all petrol pumps/gas stations nationwide.
• High Balance Limit: Companies can load up to ₹2,00,000 on full KYC cards.
• Customised Card: Comes with a customised Visa/RuPay prepaid card.
• Validity: The card has a validity of 5 years, active until the final working day of the month mentioned on the card.
• Reloadable: It is a reloadable card, allowing funds to be added as needed for flexibility and convenience.
• Expense Tracking: Offers access to NetBanking services for easy expense monitoring and management.
• Real-time Alerts: Provides real-time SMS alerts for every transaction.
• Balance Checks: Easy balance checks available at any Visa/RuPay ATM or through the Prepaid Card NetBanking portal.
• Security: Designed exclusively for petroleum purchases, with restrictions on non-petroleum purchases.
• Lost Card Liability: Zero lost card liability once the loss is reported.
• Replacement Card: A replacement card will be issued in case of loss, theft, or damage.
• Corporate Management: Facilitates one-time card distribution by the corporate, reload as per requirement, and quick load/reload through Enet and direct debit to HDFC Bank account.
• Demographic Updates: Instant updates on any changes to demographic details linked to the card.

Other Details

Card Management & Controls

• Single Interface: One unified platform for managing Credit Cards, Debit Cards, FASTag, and Business Loans, which may include features like spend tracking and reward points viewing/redemption for other card types.
• Spend Tracking: Simple, intuitive interface to monitor and manage all business expenses.
• Prepaid Card NetBanking Portal: Administer the card with ease via the portal to track balance, peruse transaction history, manage spending limits, subscribe to e-statements, alter PIN, and secure the card.
• Password Management: Change password by signing in to the Prepaid Card NetBanking portal, navigating to 'Manage My Profile,' and selecting 'Change Password.'
• PIN Management: Change ATM PIN via the Prepaid Card NetBanking portal under the "Account" and 'Set ATM PIN' option.
• Demographic Details Update:
  • Mobile Number / Email ID: Log in to the Prepaid Card NetBanking Portal, go to 'Manage My Profile,' then 'Contact Information,' select 'Edit,' enter new details, and verify with OTP.
  • Address Update: Visit the nearest HDFC Bank branch, submit a signed application for "Change in Address" along with documentary proof of the new address (original documents for verification). Address will be updated within 7 working days.

Security

• Restricted Usage: Usage is restricted only for fuel (petrol, diesel, gas) at petrol pumps/gas stations. Cash withdrawal and non-petrol expenses are restricted.
• Reporting Unauthorized Transactions: Crucial to inform HDFC Bank without delay and block/hotlist the card by contacting Phone Banking service at 1800 1600/1800 2600.
• Misplaced/Stolen Card: Promptly block the card through the Prepaid Card Net Banking Portal under Account TAB >> Block lost/Stolen card or contact Phone Banking service at 1800 1600/1800 2600.

Corporate Benefits

• One-time Card Distribution: Simplified distribution process for corporates.
• Reload Flexibility: Reload funds as per requirement.
• Quick Loading: Quick load/reload through Enet and direct debit to HDFC Bank account.
• Streamlined Financial Transactions: The card streamlines corporate financial transactions with electronic convenience, suitable for reimbursements, small-scale salary distributions, and incentive programs, accelerating and simplifying the payment process for businesses.

Application Process

• Online: Visit the Prepaid SmartCard Solutions Portal, update contact details under the ‘Apply Now’ section, and a representative will connect.
• Branches: Apply for a MoneyPlus Petro Card via HDFC Bank branches.

Frequently Asked Questions

• Balance Transfer: To transfer balance from an old card to a new card, liaise with the corporate SPOC Admin, as the request should flow to the Bank via the Corporate SPOC Admin.
• Card Statement: After logging into the Prepaid Card NetBanking portal, select "Account" >> "Request Statement" >> "Submit" >> Select Date Range >> "Submit".
• Refund of Unused Amount: Yes, unused amounts on the card can be refunded. Liaise with the corporate SPOC Admin for a refund; the request should flow to the Bank via the Corporate SPOC Admin.
• Card Replacement (Expired/Balance): For card replacement, liaise with the corporate SPOC Admin, as the request should flow to the Bank via the Corporate SPOC Admin.

Terms & Conditions

• The Most Important Terms and Conditions for each banking offering feature specific terms and conditions that govern their use. It is advised to go through them thoroughly to fully understand the applicable terms and conditions.