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. | ||