This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for HDFC Bank’s Dealer Credit Card.
Features of HDFC Bank – Dealer Credit Card:
Main features:
- Advantages of the Corporate Dealer Card:
- Enhances cash flow management, particularly within the distribution to dealer network
- Decreases the average receivable period
- Accelerates transaction processing time
- The HDFC Bank Dealer Card program is designed for petrol pump dealers sourcing fuel from oil marketing companies.
Additional Features:
- Dealer Advantages:
- Convenient payment method
- Simple transaction reconciliation with the corporate
- Offered credit period: 15+7 days, totaling up to 22 days of credit period.
Fees for HDFC Bank – Dealer Credit Card:
- GST Application:
- Dependent on Place of Provision (POP) and Place of Supply (POS). If both are in the same state, CGST and SGST/UTGST apply; else, IGST.
- For FEE & Charges/Interest transactions billed on the statement date, GST reflects on the next month’s statement.
- Levied GST remains unchanged despite disputes on Fee & Charges/interest.
How to apply?
Click here to apply for the HDFC Bank’s Dealer Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.