The features of Trans-Money can be broadly classified as follows:
- Account options: Pre-paid and post-paid accounts
- Remote loading on pre-paid accounts
- Consolidated Accounting
- Balance Enquiry
Pre-Paid Account enables you to load money into your fleet account in advance, thereby allowing your driver to make purchases at Reliance Pumps and other Sales Points.
Benefits of Pre-Paid Accounts
A Pre-Paid account allows you to:
- Load at multiple locations
- Multiple methods of payment
- Instant credit upon cash loading
- Get credit for Cheque/NEFT/RTGS/Bank Transfer on clearance
- Receipt for every loading
Loading at Multiple Locations
This facility allows you to load money at any Trans-Connect Center or Reliance Pump across the country.
Remote Loading on Pre-Paid Accounts
You can load/reload your account from any Trans-Connect Centre (TCC) or at select Reliance Pumps across the country. It allows you or your representative or driver to load money any number of times in a day, irrespective of the balance in the account the upper limit of cash loading per carrier restricted to INR 199990/-.
Multiple Methods of Payment
You can load money into your fleet account through multiple modes of payment - Cash, Cheques, NEFT, RTGS and Bank transfer.
Obtain Credit for Cash and Cheques
You will obtain immediate credit upon loading cash, which will facilitate your drivers to use it for fueling or for emergency repairs.
Cheques, Bank Transfer, NEFT/RTGS
The amount is credited into your fleet account upon receiving clear credit.
Receipt for every Loading
A system generated receipt is issued for every loading done at Trans-Connect Centers and at select Reliance Pumps. Each receipt has a unique receipt number. You will also get a system generated receipt for all loadings into your account irrespective of the mode of payment - Cheque or Cash.
Benefits of Post-Paid Accounts
- Working capital available through multiple credit partners
- Working capital facility at competitive interest rates
- Interest charged on actual usage
- Flexible payment options
- Multiple financing types
Multiple Credit Partners
Reliance has tied up with major financial institutes to offer working capital finance to Trans-Connect customers.
Competitive Interest Rates
Interest rates depending on the customer profile. However, the rates offered are extremely competitive as compared to other similar market offerings.
Interest Charged on Actual Usage
You have to pay interest only for actual utilized amount, and not for the entire sanctioned amount. However, we recommend that you carefully read the latest terms and conditions of the credit partner for the actual scheme applicable to you.
Flexible Payments Options
You get the flexible option of planning your repayments based on your income flow or choose to pre-pay the utilized amount, with interest without any additional charges.
You can manage your cash flows for a fleet of vehicles instead of managing cash flows vehicle-wise. Instead of paying an advance to the driver for the particular vehicle at the beginning of each trip, you can load money into the account for the fleet. You can then use the limits to control the expenses resulting in a drop of working capital requirement. Moreover drivers can also load money during their trips into the account. This enables you to distribute the amount within the fleet as per the requirement.
You can check the balance in your account either by calling our 24 X 7 call center - 1800 22 3023 or using the Net Manager /Trans Manager Mobile application or by subscribing for SMS alerts.
Improving Safety of Travel
The drivers need not carry cash since all purchases at ROs and other sales points are made using the Trans-Connect Fleet Card. Instead they can carry a minimal amount for any short term emergency requirement, and you can load money as and when required by drivers.