KVB Fleet

KVB Fleet is a specially designed card for Fleet and Transport operators. Presently, transport operators issue cash advance to their drivers for their expenses such as fuel, toll charges, food expenses, etc., This leads to reconciliation issues & no control on the cash being paid to the drivers. Existing Prepaid cards are not suited as there is a restriction in the amount withdrawal limit and it will be in the individual driver’s name and has reconciliation issues. Issuing of multiple cards against the nodal account is not recommended as it is fraught with risk besides reconciliation issues. Because of the above reasons, it is proposed to introduce new CA product “KVB Fleet.”

Features and Benefits
  • Zero balance KVB Fleet current account with access only through debit cards.
  • KVB Fleet debit cards are personalized debit cards with a vehicle registration number.
  • Can be used at any POS that includes gasoline / lubricant filing at a gas station, withdraw cash at ATMs.
  • Daily Withdrawal limit from Rs. 30,000/- up to Rs. 1 Lakh (ATM / POS / ePOS) per account as per the request of the customer.
  • Manage fuel costs and control over purchases, fuel and maintenance expenses.
  • Cost savings, improve operational efficiency and Hassle free payments.
  • Real time controls that includes tracking by alerts.
  • Significant reduction in administration tasks.
  • Control of entire fleets.
  • Driver support: Drivers with KVB Fleet card do not have to use their own money for work expenses or worry about tracking receipts.
  • Easy online account management.
  • Fleet owners have the control of their fleet cards. They can reverse the amount at any point of time to their current account.
Optional Insurance Coverage
  • Personal Insurance and hospitalization facility for divers and helpers at a nominal cost.
  • Sum assured of Rs. 1 Lakh for accidental death, permanent / partial disability.
  • Accidental hospitalization up to Rs. 10,000/-.
FasTag Corporate Module
  • No need to wait in toll.
  • Single wallet for all tags.
  • Auto sweep in facility from Nodal account to FASTag’s.
  • 2.5% Cash back on transactions on FASTag’s.
  • Exclusive FASTag portal for corporate / fleet operators.
  • Multiple recharge options.
  • Individual Vehicle Wise report and Cash Back report available in the customer portal.
  • Online recharge 24x7.
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