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

Introduction

The HDFC Bank MoneyPlus PettyCash Card is an open-loop prepaid card specifically designed for corporate entities to streamline their petty cash management. It offers businesses a reliable tool for ongoing corporate needs, providing 24/7 access to funds for seamless transactions at ATMs, Point-of-Sale terminals, and online merchants. The card's primary value proposition includes real-time transaction monitoring, easy administration, and widespread acceptance across India.

Prepaid Card Variant & KYC Tiers

• The MoneyPlus PettyCash Card is an open-loop, reloadable prepaid card.
• It supports a maximum balance of ₹2 lakh for full KYC cards, indicating it is a Full KYC compliant product.
• The card has a validity of 5 years.
• NCMC transit compatibility is not mentioned.

Balance & Transaction Limits

• The maximum wallet balance allowed for full KYC cards is ₹2 lakh.
• Companies can load a maximum of ₹2 lakh for full KYC cards.
• The maximum daily ATM cash withdrawal limit is ₹2,000.
• The maximum monthly ATM cash withdrawal limit is ₹10,000.
• The card allows usage at Point-of-Sale terminals and online platforms.

Fees and Charges

• Issuance Fee: ₹150 plus applicable GST.
• Annual Maintenance Charges: ₹150 plus applicable GST.
• Re-issuance Charge: Nil.
• Cash Withdrawal at ATM using the Card:
  • HDFC Bank ATM: No charges (NIL).
  • Non-HDFC Bank ATM:
    • For withdrawals up to ₹1,000: ₹20 + GST.
    • For withdrawals above ₹1,000: 1% of the withdrawal amount.
• Balance Enquiry at ATM using the Card:
  • HDFC Bank ATM: ₹10 + GST.
  • Non-HDFC Bank ATM: ₹10 + GST.
• Inactivity Fee: The card gets inactive if it is not used at least once within 12 months. If inactive, the card will be temporarily blocked.

Rewards, Offers & Partner Perks

• The card offers discounts and CashBack on select merchant transactions.

How to Apply & Load Money

How to Apply

• Check eligibility on the official HDFC Bank website.
• Submit the required documents, either online or by visiting your nearest HDFC Bank branch.
• Alternatively, visit the Prepaid SmartCard Solutions portal, update your contact details under the 'Apply Now' section, and a representative will connect with you.

How to Load Money

• Place loading/reloading requests through ENET (details will be explained by a representative).
• Funds can also be loaded via direct debit or cheques.

Prepaid Card Review

The HDFC Bank MoneyPlus PettyCash Card is specifically designed for corporates to manage their petty cash expenses, simplifying expense management for businesses. It is a reliable tool for all ongoing corporate needs, offering widespread acceptance at merchant locations nationwide, cash withdrawals from any ATM, and seamless online transactions. Key advantages include effortless loading, transaction alerts via SMS/email, easy balance inquiries, and administration via the Prepaid Card NetBanking Portal. The card also offers a 5-year validity and potential discounts and cashback on select transactions. However, it does come with issuance and annual fees, and the card can become inactive if unused for 12 consecutive months. It is ideal for any corporation engaged with HDFC Bank looking for an efficient way to manage team member expenses.

Important Product Details

• The card is an open-loop prepaid card, available in Visa or RuPay variants.
• It has a 5-year validity, remaining active until the final working day of the month mentioned on the card.
• Offers 24/7 access to NetBanking and PhoneBanking services.
• Provides real-time transaction monitoring through a dedicated Prepaid Card NetBanking portal.
• Features a quick KYC process with digital document submission.
• Enables easy corporate administration and tracking processes.
• Provides transaction alerts to the registered mobile number for each transaction.
• Offers discounts and CashBack on select merchant transactions.
• The card incurs an issuance fee of ₹150 + GST and an annual fee of ₹150 + GST.
• The card becomes inactive if no financial transaction occurs for a consecutive period of 12 months.

Refund & Card Closure Terms

• The card remains active for five years, retaining its validity until the final working day of the month mentioned on the card.
• There are no re-issuance fees associated with the card.
• Details on surrendering the card or transferring leftover balances back to a bank account are not explicitly provided.

Other Details

• Card Management & Controls:
  • One unified platform for managing various cards (Credit Cards, Debit Cards, FASTag, and Consumer Durable Loans).
  • Simple interface to track all your spends.
  • Facility to view and redeem reward points.
  • Administer the card with ease via the Prepaid Card NetBanking Portal to track balance, peruse transaction history, manage spending limits, subscribe to e-statements, alter PIN, and secure the card.
• Eligibility: Specifically designed for corporate entities to manage their petty cash expenses. All corporations engaged with HDFC Bank can secure a MoneyPlus PettyCash Prepaid Card for their team members.
• Updating Demographic Details:
  • Mobile Number / Email ID: Log in to the Prepaid Card NetBanking Portal, navigate to 'Manage My Profile', select 'Contact Information', click 'Edit', enter new details, and verify with OTP. Updates are instant.
  • 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). Updates within 7 working days.
• Lost or Stolen Card: Promptly block the card through the Prepaid Card Net Banking Portal or contact Phone Banking service at 1800 1600/1800 2600 for immediate assistance.
• Unauthorized Transactions: Inform HDFC Bank without delay and have your card blocked or hotlisted by contacting Phone Banking service at 1800 1600/1800 2600.
• Inactivity: 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 after unblocking, or it gets locked again.
• Most Important Terms and Conditions: A separate document detailing specific terms and conditions for banking offerings is available and should be thoroughly reviewed.
• Disclaimer: 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.