Can You Turn Sodexo Meal Vouchers into Cash? Seeking Practical Advice

How to make cash from Sodexo meal vouchers? Please tell me.

If the voucher's validity expires, you can replace them with new vouchers, but you can't redeem them for cash.

Regards,
Vijay

Please review the corrected text below:

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Go through the conditions mentioned on the back of the voucher. Meal vouchers should be accepted for "ready-to-eat items" only, not for alcohol. There are other vouchers available, i.e., gift vouchers, that you can use for purchases.

Regards,
Vijay

Hi,

You can sell it to some employees of your own company at a discount or, if you are on really good terms with people, ask them to help you by taking the vouchers and giving you cash in return. :-D

In big affiliated malls (Big Bazaar), they accept the meal card for purchasing anything under the roof. However, the meal card is now restricted for this reason. Sodexo food vouchers may need to be tried for buying other things than food in the same mall. You need to try out your wits in a straight and simple way. As per the law, you should use it only for buying food; it can't be redeemed for cash. :icon1:

Thanks,
Geeta

Hi,

Sodexo can be used at:

1. Spencer's Store (to purchase all rations from there/everything available there).
2. Reliance Fresh (for everything available there).
3. Moreover, general stores (basically "Value Stores") also accept these meal passes.
4. McDonald's.
5. Pizza Hut.

This is as per my information. If anybody knows any other sources, please let us know.

Dear Sagar,

I am afraid you cannot make cash out of Sodexo Meal Coupons. The coupons themselves are as good as cash, and you can use them for paying your bills at Big Bazaar for food items, at Sabka Bazar, Reliance Fresh, and in numerous restaurants.

Best Wishes,
Vasant Nair

Hey.

Through personal experience, some local general stores do accept the Sodexo passes and give you cash in return after deducting a small commission. However, you need to be on good terms with the shopkeeper because it's not legal.

Regards,
Aaron

Hi,

I have another query related to Sodexo vouchers. If we give Sodexo vouchers to our employees at Rs. 50 per day as a part of their salary, is it exempt from tax?

Regards,
Prachi

Hi, there is no provision as such that you can convert your Sodexo vouchers into hard cash except through the yGeeta option. This would be a great idea, but you will receive a lesser amount.

One more thing - you can approach some senior married lady employees or employees with kids, as they can easily spend more on food every month than they receive in vouchers. You can request them to do you the favor of taking your vouchers and give you cash in return.

Ask your HR to insist on adding some restaurants as Sodexo affiliates. This way, if there is an office party at such eating joints, you can use these vouchers instead of cash, whether you are the host or someone else. It does not matter; all bachelors' vouchers can be used at once in a party.

Any perks and benefits are always part of CTC, especially if it is so easy to calculate the monetary value!

Sodexo vouchers are always part of CTC, and they are tax-free. The limit can be flat across the company, or you can decide on a maximum and minimum limit for each grade to be given per month. For more details, you can discuss with Sodexo salespeople; they do half the work for you (advertising/clarifying/explaining to employees).

Thanks, Geeta

Dear Neha,

Sodexo is also acceptable at Big Bazaar. Mores is not accepting it. For encashing it, I agree with Geeta for a discounted rate.

Nitu

Hi all,

Sodexo vouchers can be exchanged for cash. I do it regularly. Get in touch with a small supermarket or grocery store that accepts Sodexo vouchers and ask them. However, they may charge you around 4-9%. As a regular customer of a supermarket in my locality, he only charges me 4%.

Happy encashing.

Hi Sagar, I would like to share with you my experience regarding Sodexo Coupons.

As per my knowledge, I don't think we can exchange cash for Sodexo. However, some local Kirana stores may accept Sodexo, but they deduct an amount or percentage while giving the exchange money. For example, if I give them a 2500 value Sodexo coupon, they will return approximately 2250 cash. This is what I have heard from people. You may want to find out those contacts.

Regards,
Asif

Hi Kranti, if you're a Mumbai local, I would appreciate it if you could let me know some of the stores or contacts where I could exchange the money.

Hi All,

Attached is the All India Ticket Restaurant Directory 2008-09 for your reference.

Hope this helps.

Thanks

Hi Sagar,

As far as I know, we can't exchange vouchers for cash. However, you can use them to purchase groceries at certain shops like Nilgiris and many others. Additionally, these vouchers can be used at restaurants such as Saravana Bhavan, although they cannot be redeemed for cash.

Thanks,
Thiru R

Hi Prachi,

Let us keep our fingers crossed until our Finance Minister gets back on FBT!!! Until then, it's not taxable - meal vouchers or food vouchers.

Regards,
Priya

We cannot get cash in exchange for Sodexo meal coupons; they can be used to purchase select items from distinguished stores. Nowadays, even mom and pop stores are accepting Sodexo coupons. 🙂

Hi,

Vouchers can't be turned into cash until you sell them to someone or use them. Yes, you can buy books, jewelry, anything in the world as long as you have shops that accept these vouchers.

Regards.

I use it to buy daily necessities from the local shop or food from the canteen, and I guess you need cash for the same, so use Sodexo.

Dear all,

SODEXO food coupons, if you would check with your HR, are optional. This saves income tax on the coupons that you receive. Retailers found on the wrong foot would be penalized by SODEXO, and hence they do not resort to accepting it for anything other than food. This platform is for discussing and sharing professional thoughts. Let's not lose its charm by discussing shortcuts to make money. A HUMBLE REQUEST PLEASE!

Thanks for your understanding!

BSR

1. Spencers Store (to purchase all rations from there/ everything available there) - YES, VERY TRUE.

2. Reliance Fresh (for everything available there) - NOT so true in Chennai - they accept only for edible items; they don't accept anything else :)

All HR professionals are pouring their thoughts on such an ordinary query!

One needs simple common sense. Anything in the world can be sold, bought, or exchanged for a reasonable price by using some common sense.

Hi,

The MK Ahmed stores in Bangalore will accept Sodexo coupons for any items purchased in their stores.

BTW, what is the limit on these per month vouchers? Anybody working in Sodexo or Accor can answer this question.

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Hi,

Thank you for your query about the monthly voucher limit. Employees of either Sodexo or Accor should be able to provide you with the information you seek. Feel free to reach out to them for assistance.

Hi,

I have been working with a BPO MNC company for nearly about 1 year, and my CTC is 1,86,000/-. Could you please help me with the following queries:

1) Am I eligible for a home loan?
2) If yes, then which bank would be the best option?

Please provide me with the right suggestions.

Thanks & regards,
Sagar

Hi,

I have submitted all documents to the PF Office that are needed. How many days will it take to complete all procedures and credit the amount to my account after submitting the PF details?

Dear All,

Please find attached the list of commercial establishments (all over India) which accept food coupons in exchange for groceries, etc.

Regards,
RPP

Yes, Sodexo Pass Meal Coupons are tax-exempt since these do not constitute income in the hands of the employee.

Vasant Nair
9717726667

Hi Kranti,

If you are living in Pune, I would appreciate it if you could let me know some of the stores or contacts from where I could exchange the money.

Thanks,
Sagar.

Hi,

Please exchange my Sodexo for cash. Could you please provide me with the addresses in Hyderabad, specifically in areas like Ameerpet, Banjara Hills, and SR Nagar, as these are nearby places?

Thank you.