Eligible Schemes : Reliance Money Manager Fund
Entry & Exit Load : NIL
Please find below an Example of Rs. 1LacInvested in Saving Account in Bank Vs Reliance ATM
Particulars | SB A/C | Reliance ATM | |
Tax Slab @ 20% | Tax Slab @ 30% | (Dividend Option) | |
Investment Amount (in Rs.) | 100000 | 100000 | 100000 |
Expected Returns | 4.00% | 4.00% | 8.00% |
Annualised Returns (in Rs.) | 4000 | 4000 | 8000 |
Per Day Returns | 10.95 | 10.95 | 21.91 |
Tax Rate | 20.60% | 30.90% | 22.66% |
Post tax Annualised Returns (in Rs.) | 3176.00 | 2764.00 | 6192.00 |
Effective Rate of Returns | 3.18% | 2.76% | 6.19% |
Note: Above calculation is for Illustrative purpose only and does not guarantee or imply anything |
Particulars | SAVINGS BANK | Reliance Any Time Money Card |
Interest | 4% | 7.5% - 9% |
Interest Paid | Quarterly | Daily |
Tax Impact | High, uptill 30% | Tax Efficient |
Interest Reinvenstment Option | Not Available | Yes - STP / DTP to Equity/Debt available |
SIP / STP / SWP Facilities | Limited | Available |
Min Account Balance / QAB | Chargable, if not maintained | No Charges |
Dormant A/c charges | Chargable, if not used | No Charges |
Processing charges | Chargable | No Charges |
Transaction fees | Chargable | No Charges |
Annual debit card fees | Chargable | No Charges |
Lost card fee | Chargable | No Charges |
Charges for other ATM center usage | Chargable | No Charges |
Withdrawal Facilities | Higher only for higher status cards | Flat 50K for all card holders |
Need to pay more fee for gold/platinum debit cards | Chargable | No Charges |
Additional charges for cheque books | Chargable | Not required |
Account Statements | Monthly | Weekly |
Purchase or Withdrawal thru call center / mobile | No | Available |
Internation Usage | Applicable for Certain Cards only | Available |
Parking of idle and unutilised funds | Yes | Yes |
Savings | Yes | Yes |
Safety to principal invested | Yes | Yes |
Self management | Yes | Yes |
100% Liquidity any time | Available | Available |
Directions for other investments | Yes | Yes |
ATM card | Yes | Yes |
POS Terminal | Yes | Yes |
Account statements | Available | Available |
Balance enquiry in ATM/Mobile | Available | Available |
Email and sms alerts | Available | Available |
Online Facilities | Available | Available |
Cheque Facility | Yes | No |
Deposit cash/third party cheque/DD | Yes | No |
Note: Above table is just for Illustrative comparision and some features might differ from the details mentioned above. |