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IndianOil HDFC Bank cashback rate, cap and annual fee

IndianOil HDFC Bank pays 1% at IndianOil fuel stations — on the first INR 3,000 you spend on it each month, which is where the INR 30 cap stops it. The card costs INR 500 a year.

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HDFC Bank · India · catalogue v121

Read from HDFC Bank's own published terms on 30 Oct 2026.

INR 500Annual fee
1%Best rate

What it pays, by category

SpendingRateMonthly cap
IndianOil fuel stationsfuel1.00%INR 30reached at INR 3,000 of spend5 Fuel Points per ₹100 at IndianOil pumps and outlets (by TID/MID), 150 a month (250 a month in the first six months, not modelled).
food stores other than supermarkets (MCC 5499)groceries1.00%INR 20reached at INR 2,000 of spend5 per ₹100 at MCC 5499, the one grocery code not also on the no-points list; ₹150 a transaction, 100 points a month.
utility billsgovernment1.00%INR 20reached at INR 2,000 of spendUtility bills (MCC 4900) earn 5 per ₹100, 100 points a month for bill payments.
phone and internet1.00%INR 20reached at INR 2,000 of spendPhone bills (4812, 4814) earn 5 per ₹100 inside the same 100-point bill-payment allowance.
everything else0.13%—1 Fuel Point per ₹150 on other spends, UPI included.
fuelNone—Fuel anywhere else earns no Fuel Points.
groceriesNone—Lower reading: supermarkets (5411), bakeries (5462) and liquor stores (5921) are in HDFC's 5% grocery list and also in its no-points list ("Supermarke
rent and propertyNone—Rent earns no Fuel Points.
governmentNone—Government payments and tax earn no Fuel Points.
HDFC values a Fuel Point at ₹0.96 only as free fuel at IndianOil (1 FP = 3 XTRAREWARDS points of ₹0.32) and at ₹0.20 as cashback against the statement, which needs 12,500 points and a ₹50 fee; ₹0.20 is used, so 1% at IndianOil and 0.13% elsewhere (4.8% and 0.64% as IndianOil fuel). Insurance, wallets, EMI and jewellery also earn nothing. INR 500 + GST a year; the page gives no waiver (the MITC table groups this card with ones waived at INR 50,000, but the row is ambiguous). 3.5% mark-up. Issued on more than one network (HDFC's example is the RuPay variant); Visa kept. Source: hdfc.bank.in IndianOil HDFC Bank page, its product terms and the KFS-cum-MITC, read 30 Oct 2026.

Questions people ask

What cashback does the IndianOil HDFC Bank pay?

1% at IndianOil fuel stations, and 4 other rates. The top rate is capped at INR 30 a month.

Is there a cap on the IndianOil HDFC Bank?

Yes. indianoil fuel stations is capped at INR 30 a month; food stores other than supermarkets (mcc 5499) is capped at INR 20 a month; utility bills is capped at INR 20 a month; and so on.

What is the annual fee on the IndianOil HDFC Bank?

INR 500 a year.

Knowing the rate is not the same as remembering it

PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.

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