PETROL EXPENSES

PETROL EXPENSES

PETROL is a major expense for any business.

Most of them fill by cash.

To account Petrol Expenses in Books of accounts, one can pay by using ATM cum DEBIT CARD or PETROCARD issued by petroleum Company.

BENEFITS

1. Expenses will be accounted from your Bank Statement or from your Petrocard Statement. Sometime you don't keep receipts from petrol company or you don't collect or forget to collect them.
2. U get cashback of Re.1.5 in your bank account for every Rs.200 filling. Now Re.1.5 is very less amount. But when we think of whole year..? For eg: A normal person fills Rs.200 petrol every 4 days. That means 90 weeks approx. So total saved Rs.135 (90*1.5).

3. You get Points in using Debit Card or swiping Petrocard every time you use. You can redeem the points by doing Mobile Recharge,Buy Movie Tickets,Buy Merchandise or Buy Flight Tickets etc.,

Anyone can apply for (a) PETROCARD from any Fuel Company or (b) apply for a FUEL CREDIT CARD from the bank.

How To Apply For A Fuel Credit Card?

An individual can apply for a Fuel Credit card by visiting the nearest branch of the bank from which he/she wants to avail the card or apply online. The applicant needs to fill the application form and provide the documents asked for to get himself/herself the Fuel Credit card and cut down on the fuel expenses.

Some of the popular fuel credit cards in India are:

Who Are Eligible To Apply For A Fuel Credit Card?

The eligibility to apply for a fuel credit card seems to vary from bank to bank. However, some of the common eligibility norms that an applicant needs to fulfill are:

Need to have a good credit score.
Need to fulfill the minimum age and income bracket as prescribed by the bank.

Conclusion:

If u have more than one vehicle, then u can save a good amount of money.

This will make you freely accountable and will save your money.

Comments

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