Accounts Payable Program

What's in store for you

More benefits than ever before 

Platform Benefits

  • Convenience of bulk payments to multiple vendors through a file upload facility.

Banking Benefits

  • Make Payments to vendors, utility service providers & GST payments.

  • Convenient, easy, and hassle-free payment process.

CashBack Benefits

  • CashBack on every transaction made through the Commercial Accounts Payable Credit Card. 

Print

Additional Benefits

Save up to ₹15,000* annually 

Just like 20 lakh+ HDFC Bank cardholders

Enquire Now
Millennia Credit Card

Know more about the card

Fees and Charge

Goods and Services Tax (GST)​​​​​​​

  • The applicable GST would be dependent on place of provision (POP) and place of supply (POS).If POP and POS is in the same state then applicable GST would be CGST and SGST/UTGST else, IGST.
  • GST For FEE & Charges / Interest transactions Billed on statement date will reflect in next month statement.
  • GST levied will not be reversed on Any dispute on Fee & Charges / interest. 

    • Please click here to see the fees and charges applicable to our Accounts Payable Program.

International Travel Benefits

Added Delights

Corporate Benefits

  • Cost effective – Reduces the cost of manpower required for payment processing & Reconciliation. 
  • Automate and digitise the entire pay-out process, thereby increasing operational efficiency.
  • Digital Platform provides one view of all payments, leading to reduced cost, time, manpower and zero errors coupled with tighter control and compliance.

Easy Utility Bill Payments 

  • Ease of utility bill payments – No need to toggle between different websites for different billers. Make payment through one single platform
  • Avoid penalties – Timely payments will ensure no Late Payment Charges are levied on utility bills

Improved Credit Cycle & Vendor relationship

  • Healthy business relationship – Timely payment to vendors keeps them happy and you build a healthy business relationship
  • Customisable Credit cycle such as (30+20) days or (15+7) days
International Travel Benefits

Card Benefits

Here are the notable benefits of HDFC Bank’s Accounts Payable Program:

  • A part of working capital can be availed on card for usage on digital platform to make payments to suppliers, utility service providers, GST payments and long tail vendors
  • Credit limit is issued on the card
  • End use monitoring of transactions initiated through card for audit trail
  • Customisable billing cycle to optimize credit days
  • Real time transaction alert sent to registered email ID & mobile number for each transaction initiated through card
  • Corporate Assist team supports the corporate for/to:
    • Card Activation
    • Change demographic details
    • Card Hotlist/Reissue/Replacement requests
    • Transaction decline queries
  • Access to Commercial Portal for/to:
    • Activation of Card Accounts
    • Credit Limit Management
    • Updation of Contact Details
    • Generation of PIN
    • Deactivation / Card Closure
    • Relationship Level Card Details
    • View or Download Statements
    • Card Hot listing and Reissuance
    • Realtime Transaction Monitoring
  • Insurance Cover; Card liability up to INR 10 lakh

Benefits to Vendor

  • Real time notification to vendors reduces the follow-ups and possible disputes with corporate.
  • Assures timely and correct payment deposited in their account
  • Early payment helps vendors’ credit cycle and relationship point with cash flow leading to increase in their business opportunities.
Fuel Surcharge Waiver

Most Important Terms and Conditions 

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.   
International Travel Benefits

Frequently Asked Questions

Vendors using the HDFC Bank Commercial Accounts Payable Card can enjoy real-time notifications, timely and correct payments directly deposited into their accounts, and early payment options that improve cash flow and business opportunities.

Vendors using the program receive real-time notifications, timely and correct payments directly deposited into their accounts, and early payment options that improve cash flow and business opportunities.

Accounts Payable solution is the closed loop card with customisable credit period and pricing which is given to entities for making payments towards business expenses 

The solution is designed for all industries. The companies belonging to leading industries like retail, electronics, manufacturing, services, chemicals, pharmaceuticals, steel currently form the portfolio.  

A closed loop card is a card used to make payments only to a set list of vendors on-boarded on the platform.   

The credit period can be selected by the corporate according to their requirement. The popular credit cycles:

15+7   

30+20.  
Also, they can be customisations like 10+7, 21+7, 30+10 etc. 

Cardholder will be charged a fee on each transaction initiated 

The pricing is applied in the form of flat interest on the card

Payments done through the card are:  

  1. Raw material procurement 

  2. Statutory Payments 

  3. Electricity bills 

  4. Rental payments 

The following are the benefits of the platform to the cardholder:  

  • Secure closed loop payments to selected list of vendors 

  • Maker Checker Functionality  

  • Early payment discounts  

  • Bulk payments done through a single file upload  

  • Reduced manpower costs  

  • 24*7 MIS customisable reports