Prepaid Cards
Explore top cards like the AU Haryana Roadways NCMC Prepaid Card, Axis Bank Prepaid Meal Card, Bank of Baroda Reloadable Card Physical Variant, Bank of Baroda Reloadable Card Virtual Variant, and 23 more.
27 Cards Found
AU Haryana Roadways NCMC Prepaid Card
prepaidJoining Fee:
₹135 + GST
Renewal Fee:
₹75 + GST
Reward Type:
Other Benefits
Axis Bank Prepaid Meal Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Reward Points, Sub-wallet Allowances
Bank of Baroda Reloadable Card Physical Variant
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Bank of Baroda Reloadable Card Virtual Variant
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Bank of India CASHIT Prepaid Cards
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Bank of India Gift Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
HDFC Bank Fleetxpress Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
HDFC Bank Flexi Benefits Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
HDFC Bank Foodplus Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Instant Discounts
HDFC Bank Millennia Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Cashback
HDFC Bank Moneyplus Benefit Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Reward Points
HDFC Bank Moneyplus Petro Prepaid Card
prepaidJoining Fee:
Not Available
Renewal Fee:
Not Available
Reward Type:
Prepaid cards serve as an essential budgeting and transit tool in 2026, allowing users to load exact amounts and strictly control their spending without drawing from a primary bank account. These instruments are highly utilized for dedicated purposes such as corporate meal allowances, forex travel, and daily metro commuting via National Common Mobility Card (NCMC) networks. By isolating funds, users mitigate exposure to online fraud while benefiting from specialized utility programs across banking networks like HDFC, ICICI, and AU Small Finance Bank.
Top 5 Prepaid Cards
| Prepaid Card | Issuance/Annual Fee | Primary Utility | Reload Cap | Lounge Flag |
|---|---|---|---|---|
| HDFC FoodPlus Card | Rs. 100 + GST | Meal/Food Allowances | Corporate defined | No |
| AU Haryana NCMC | Rs. 135 + Rs. 75 | State Transit & Retail | Rs. 2,000 Offline | No |
| RBL Namma Metro | Rs. 75 AMC | Metro Commute | Rs. 3,000 | No |
| ICICI Multi Wallet | Rs. 250 + GST | Forex & International | KYC dependent | No |
| BOB RuPay Platinum | Rs. 300 (First Year Free) | General Spending | Full KYC limit | No |
What is a Prepaid Card?
A prepaid card is a payment instrument that requires you to load money onto it before it can be used for transactions. Unlike a standard credit card, it does not offer a line of credit from a bank, and unlike a debit card, it is not linked directly to your primary savings or current account. This structure ensures that your spending is strictly capped at the pre-loaded balance, making it an effective tool for budgeting, corporate expense distribution, and secure online purchasing.
Are there prepaid cards with no annual fee in India?
Finding zero-fee prepaid instruments is challenging as most banks levy minimal issuance and maintenance charges. However, specific transit and digital-first prepaid cards occasionally waive standard AMC (Annual Maintenance Charges) depending on usage. Corporate-issued meal cards (like specific HDFC FoodPlus variations) often have their annual fees absorbed by the employer. Some digital wallets function identically to prepaid cards and offer virtual card variants with zero annual fees, though physical plastic copies will typically attract a delivery and issuance charge of Rs. 100 to Rs. 300.
Prepaid Card Fees Explained
Prepaid cards carry distinct fee structures compared to standard credit products. The primary cost is an issuance fee, usually ranging from Rs. 75 to Rs. 300, followed by an Annual Maintenance Charge (AMC) applied in subsequent years. Additionally, some providers charge reload fees (e.g., 1% of the loaded amount) when adding funds via external credit cards or specific payment gateways. ATM withdrawal using a prepaid card often incurs flat transaction fees (Rs. 20 to Rs. 50 per withdrawal) and should generally be avoided to minimize operational costs.
How to Apply for a Prepaid Card Online
Applying for a prepaid card requires minimal documentation since no credit check is involved. Follow these four steps:
- Select the Card Type: Determine if you need a dedicated transit NCMC card, a forex multi-currency wallet, or a general-purpose RuPay prepaid card.
- Complete the Online Application: Fill out the basic request form on the issuer's portal using your PAN and Aadhaar details. No CIBIL score is required.
- Fulfill KYC Requirements: As per RBI guidelines, full KYC is mandatory to unlock higher reload limits (up to Rs. 2,00,000) and enable cash withdrawals. This is typically completed via a quick Video KYC link.
- Initial Funding: Transfer your initial load amount via UPI or NetBanking. The virtual card activates instantly, and the physical card is mailed within 5 to 7 business days.
To compare specialized transit and forex options side-by-side, visit our comparison page: Compare Top Prepaid Cards in India.
Explore more:
Top 5 Prepaid Cards
| Card | Fee | Reward Type | Best For |
|---|---|---|---|
| HDFC Bank Foodplus Prepaid Card | Not Available | Instant Discounts | Rs. 100 + GST — Meal/Food Allowances |
| AU Haryana Roadways NCMC Prepaid Card | ₹135 + GST | Other Benefits | Rs. 135 + Rs. 75 — State Transit & Retail |
| RBL Bank Namma Metro Ncmc Prepaid Card | Not Available | — | Rs. 75 AMC — Metro Commute |
| ICICI Bank Multi Wallet | Not Available | — | Rs. 250 + GST — Forex & International |
| Bank of Baroda RuPay Platinum Debit Card | ₹300 + GST | Instant Discounts, Debit Card EMI | Rs. 300 (First Year Free) — General Spending |
How to Choose
HDFC Bank dominates this category with employer-benefit cards
HDFC Bank Flexi Benefits, MoneyPlus Benefit, MoneyPlus Petro, MoneyPlus PettyCash, and FoodPlus are all employer-disbursed benefit prepaid cards, typically issued through your company's payroll/benefits programme rather than applied for individually.
Transit-specific prepaid cards serve a narrow use case
AU Haryana Roadways NCMC Prepaid Card is built specifically for transit/NCMC use, distinct from general-purpose prepaid cards.
HDFC Bank Millennia Prepaid earns cashback, most others don't
HDFC Bank Millennia Prepaid Card earns cashback on shopping and utilities - most other prepaid cards on this list are marked "Not Applicable" or reward points instead, since they are structured around fixed employer benefit categories.
Reload caps and lounge flags differ sharply
From corporate-defined limits (HDFC FoodPlus) to Rs. 2,000 offline (AU NCMC) and Rs. 3,000 (RBL Namma Metro), choose based on your daily transit or forex need — none of the top 5 currently offer lounge access.