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

Introduction

The HDFC Bank MoneyPlus PettyCash Card is a prepaid card issued by HDFC Bank, specifically designed for corporate entities to streamline their petty cash management. It offers key benefits such as 24/7 access to funds, real-time transaction tracking, and widespread acceptance across ATMs, Point-of-Sale (POS) terminals, and online platforms, making it an efficient tool for managing business expenses.

Fees

• Issuance Fee: ₹150 plus applicable GST.
• Annual Fee: ₹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.

Rewards

• The card offers discounts and CashBack on select merchant transactions.
• It provides improved cash flow management and better budget control for corporate expenses.

Rewards Redemption Guide

• Reward points can be viewed and redeemed through a single unified platform.

Card Eligibility Criteria

• Eligibility Rules:
  • The card is specifically designed for corporate entities to manage their petty cash expenses.
  • All corporations engaged with HDFC Bank, whether new or established, can secure a MoneyPlus PettyCash Prepaid Card for their team members.
• Documents Required:
  • Required documents must be submitted online or by visiting the nearest branch for application.

Card Review

The HDFC Bank MoneyPlus PettyCash Card is an ideal solution for corporate entities seeking to streamline and control their petty cash expenses. Its primary value lies in simplifying expense management, offering transparency through real-time tracking, and providing widespread accessibility.

• Pros:
  • Streamlined petty cash management for businesses.
  • 24/7 access to funds and NetBanking/PhoneBanking services.
  • Real-time transaction monitoring and a comprehensive expenditure view.
  • Widespread acceptance at all Visa/RuPay ATMs, POS terminals, and online platforms across India.
  • 5-year card validity.
  • Easy corporate administration and tracking processes.
  • Discounts and CashBack on select merchant transactions.
  • Quick KYC process with digital document submission.
• Cons:
  • Annual and issuance fees apply.
  • Charges for cash withdrawals and balance inquiries at non-HDFC Bank ATMs.
  • The card becomes inactive if unused for 12 consecutive months.
  • Withdrawal limits apply.
• Who should apply: This card is best suited for corporate entities looking for an efficient, transparent, and controlled way to manage their team's petty cash expenses.

Important Product Details

• The HDFC Bank MoneyPlus PettyCash Card is an open loop Prepaid Card with a 5-year validity.
• It allows a maximum balance of ₹2 lakh after KYC completion.
• The card allows cash withdrawals at ATMs and POS terminals in India.
• The maximum withdrawal limit is ₹2,000 per day and ₹10,000 per month.
• It offers 24/7 access to NetBanking and PhoneBanking services.
• Real-time transaction monitoring is available through a dedicated Prepaid Card NetBanking portal.
• The card has widespread accessibility at all Visa or RuPay ATMs across India, Point-of-Sale terminals, and online platforms.
• Instant updates in demographic details are possible via NetBanking.
• A quick KYC process with digital document submission is available.
• The card gets inactive if it is not used at least once within 12 months.

Other Details

• Card Management & Controls:
  • A single unified platform is available for Credit Cards, Debit Cards, FASTag, and Consumer Durable Loans.
  • A simple interface is provided to track all spends.
  • Cardholders can 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.
  • To 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.
  • To update address: 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). The mailing address will be updated within 7 working days.
  • To change password: Sign in to the Prepaid Card NetBanking portal, navigate to 'Manage My Profile,' select 'Change Password,' and follow the prompts.
• Application and Reloading:
  • You can apply for a MoneyPlus PettyCash Card via HDFC Bank branches or by updating your contact details on the Prepaid SmartCard Solutions portal to have a representative connect with you.
  • Loading/reloading requests can be placed through ENET, direct debit, or cheques.
• Transaction Alerts:
  • Each transaction triggers an alert to your registered mobile number.
  • Activity can also be monitored anytime via the Prepaid Card NetBanking Portal.
• Lost/Stolen Card:
  • If your card is misplaced or stolen, promptly block it through the Prepaid Card NetBanking Portal or contact Phone Banking service at 1800 1600/1800 2600 for immediate assistance.
• Unauthorised Transactions:
  • Should you notice any transactions that weren't authorised by you, it's crucial to inform HDFC Bank without delay and have your card blocked or hotlisted to prevent further misuse. You can do so by contacting Phone Banking service at 1800 1600/1800 2600.
• Card 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 or it gets locked again after unlocking.
• Terms & Conditions:
  • The Most Important Terms and Conditions for banking offerings feature specific terms and conditions that govern their use and should be reviewed thoroughly.
  • 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.