Prepaid Cards

Eligibility Criteria To Apply For Prepaid Cards

Eligibility criteria for HDFC Bank Prepaid Cards vary by card variant. Generally, applicants should be at least 18 years old and provide a valid government-issued ID and proof of address. Gift Cards are available to anyone for gifting purposes.

For corporate Prepaid Cards, businesses such as companies, firms and organisations can apply and must provide proof of business existence, such as a Certificate of Incorporation, GST registration or trade license.

Features and Benefits of Prepaid Cards

At HDFC Bank, our Prepaid Cards offer the following features:

• No Link to Bank Account: Prepaid cards are a convenient tool for day-to-day expenses without any exposure to Bank account details.
  
  
• Multiple Channels for Reloading: General Purpose Reloadable (GPR) cards enable you to conveniently reload your card whenever you like through multiple channels ensuring you always have funds available.
  
  
• Cashback and Rewards: Enjoy attractive cashback offers, discounts and reward points on your purchases and add value every time you use your card.
  
  
• Gift Card Option: HDFC Bank Prepaid Cards allow recipients the freedom to choose their own gifts, making it an ideal present for any occasion.
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• Convenient Solution for Businesses: For businesses, our Prepaid Cards streamline expense management, disburse funds efficiently and provide a seamless way to offer employee incentives and manage petty cash.

Documents Required to Apply for Prepaid Cards

To purchase a Prepaid Card, you will need to provide certain identity and address proof that comply with the bank's 'Know Your Customer' (KYC) requirements. Below is a list of the essential documents required:

• Passport
• Voter ID card
• Driving license
• Aadhaar card
• PAN card

A passport-sized photograph may be required for identity verification and card issuance depending on the card variant.

Things To Keep In Mind When You Buy A Prepaid Card

When opting for a Prepaid Card, consider the following factors:

• Fees and Charges: Examine the fee structure, including activation fees, monthly maintenance fees, ATM withdrawal fees and reloading fees. Opt for a card with minimal fees to maximise your benefits.
  
  
• Card Features: Look for additional features such as cashback rewards, discounts and the ability to reload funds easily.
  
  
• Usage Flexibility: Ensure the card is widely accepted at both online and offline merchants. If you plan to use the card internationally, check for global acceptance and any associated foreign transaction fees.
  
  
• Reload Options: Consider how easy it is to reload the card. Options may include online recharges, bank transfers or mobile applications. Convenient reload options can save you time and effort.

Frequently Asked Questions

What is a Prepaid Card? 

A Prepaid Card is a payment card preloaded with a specific amount of money. You don’t need a bank account to obtain a Prepaid Card.

How to apply for a Prepaid Card? 

You can apply for an HDFC Bank Prepaid Card by visiting our website and navigating to the Prepaid Card section. Simply explore your options for Retail or Corporate Prepaid Cards. Click on ‘Apply Online,’ and complete the application form.

What types of fees do Prepaid Cards typically charge? 

Prepaid Cards may include various fees such as monthly maintenance fees, ATM withdrawal fees and reloading fees. It is essential to review the fee structure before choosing a card.

How do Prepaid Cards work? 

Prepaid Cards are loaded with a set amount of money, which can then be used for purchases, bill payments and cash withdrawals. Transactions are deducted from the card’s balance until it is depleted. You can reload the card as needed.

Do you need a bank account for a Prepaid Card? 

You do not need a bank account to use a Prepaid Card.

How much can you withdraw from a Prepaid Card? 

Withdrawal limits for Prepaid Cards vary. It is best to check the specific terms and conditions of your HDFC Bank Prepaid Card for exact limits.