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Difference between revisions of "Reliance ATM Card"
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{{Alphabets}} | {{Alphabets}} | ||
| − | Reliance ATM Card is a ATM Card that is similar to | + | '''Reliance ATM Card''' is a ATM Card that is similar to the ATM Card issued by your Bank. |
| − | Only Reliance | + | Only [[Reliance Mutual Fund]] in association with HDFC Bank offers this ATM Card. |
| − | Cash | + | Cash withdraw limits are there depending on which ATM you use. |
| − | https://www.reliancemutual.com/investor-services/innovative-products/reliance-any-time-money-card/ | + | For more details on this, read https://www.reliancemutual.com/investor-services/innovative-products/reliance-any-time-money-card/ |
| − | You can get the card only when you make the investment in a Primary scheme | + | You can get the card only when you make the investment in a Primary scheme. |
==Primary Schemes== | ==Primary Schemes== | ||
| − | + | These are the primary schemes | |
| − | + | *Reliance Liquid Fund – Treasury Plan | |
| + | *Reliance Liquid Fund – Cash Plan | ||
| + | *Reliance Money Manager Fund | ||
| − | + | ==Secondary Schemes== | |
| − | + | Secondary scheme transactions are allowed only at HDFC Bank ATMs | |
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| − | + | *Reliance Corporate Bond Fund | |
| + | *Reliance Vision Fund | ||
| + | *Reliance Dynamic Bond Fund | ||
| + | *Reliance Equity Opportunities Fund | ||
| + | *Reliance Floating Rate Fund - Short Term Plan | ||
| + | *Reliance Equity Savings Fund | ||
| + | *Reliance Gilt Securities Fund | ||
| + | *Reliance Focused Large Cap Fund | ||
| + | *Reliance Gold Savings Fund | ||
| + | *Reliance Growth Fund | ||
| + | *Reliance Liquidity Fund | ||
| + | *Reliance Income Fund | ||
| + | *Reliance Medium Term Fund | ||
| + | *Reliance Index Fund - Nifty Plan | ||
| + | *Reliance Monthly Income Plan | ||
| + | *Reliance Index Fund - Sensex Plan | ||
| + | *Reliance Regular Savings Fund - Balanced Option | ||
| + | *Reliance Media & Entertainment Fund | ||
| + | *Reliance Regular Savings Fund - Debt Option | ||
| + | *Reliance Mid & Small Cap Fund | ||
| + | *Reliance Short Term Fund | ||
| + | *Reliance Pharma Fund | ||
| + | *Reliance Arbitrage Advantage Fund | ||
| + | *Reliance Quant Plus Fund | ||
| + | *Reliance Banking & PSU Debt Fund | ||
| + | *Reliance Regular Savings Fund - Equity Option | ||
| + | *Reliance Banking Fund | ||
| + | *Reliance Top 200 Fund | ||
| + | *Reliance Diversified Power Sector Fund | ||
| + | *Reliance US Equity Opportunities Fund | ||
| + | *Reliance Small Cap Fund | ||
| − | + | {{GAS}} | |
| − | Put some base money into them and add to it monthly till | + | ==Is it advisable to put lumpsum money here?== |
| + | Put some base money into them and add to it monthly till your targeted emergency fund is created. | ||
| − | In most cases debt funds will be safe (except when | + | In most cases debt funds will be safe (except when demonetization type of news comes in) |
I won't be using it for regular transactions. It is only to park idle money & redeem only in emergency situations. | I won't be using it for regular transactions. It is only to park idle money & redeem only in emergency situations. | ||
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Take the card with minimum investment in the primary scheme | Take the card with minimum investment in the primary scheme | ||
| − | + | The rest of money can be in a short term / bond fund so that it can grow | |
| − | There is a separate Reliance Any Time Money Card Application form that you need to fill and submit to Reliance MF office | + | Tax conscious investors who want to put some money that does not want to be redeemed within one year could consider Reliance Arbitrage Advantage Fund. |
| + | ==How to get the ATM Card?== | ||
| + | There is a separate Reliance Any Time Money Card Application form that you need to fill and submit to Reliance MF office. | ||
You can apply for it from Reliance MF website at https://investeasy.reliancemutual.com/Online/Accountmgmt/ApplyAtmcard | You can apply for it from Reliance MF website at https://investeasy.reliancemutual.com/Online/Accountmgmt/ApplyAtmcard | ||
| − | The card is valid in India only. Not sure if | + | Before applying for the card, ensure that your residence address (contact address) is correctly mentioned in the Reliance MF folio. |
| + | |||
| + | If the address is not correct, apply for the updation of address before you apply for the ATM Card. Perhaps, you might have to give a [[Know Your Customer|KYC Change / Updation Request]]. | ||
| + | |||
| + | The card is valid in India only. Not sure if there are any restrictions for using for online transactions. | ||
Up to 50% of the Balance or 50,000, whichever is lower can be withdrawn in a single day. So make your investment appropriately. | Up to 50% of the Balance or 50,000, whichever is lower can be withdrawn in a single day. So make your investment appropriately. | ||
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The closest alternative to this is Birla Sunlife App that allows to transfer funds from Bank to MF and vice versa. But it does not offer ATM card nor can it be used online. | The closest alternative to this is Birla Sunlife App that allows to transfer funds from Bank to MF and vice versa. But it does not offer ATM card nor can it be used online. | ||
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==Related Topics== | ==Related Topics== | ||
*[[Reliance Simply Save App]] | *[[Reliance Simply Save App]] | ||
| + | *[[Mutual Fund Utilities (MFU)]] | ||
| + | *[[List of Mutual Funds serviced by CAMS]] | ||
| + | *[[List of Mutual Funds with MFU]] | ||
[[Category:Mutual Funds]][[Category:Reliance Mutual Fund]] | [[Category:Mutual Funds]][[Category:Reliance Mutual Fund]] | ||
| + | {{Alphabets}} | ||
Latest revision as of 02:47, 8 March 2018
| Home | Personal Finance | Mutual Funds | Equity |
Reliance ATM Card is a ATM Card that is similar to the ATM Card issued by your Bank.
Only Reliance Mutual Fund in association with HDFC Bank offers this ATM Card.
Cash withdraw limits are there depending on which ATM you use.
For more details on this, read https://www.reliancemutual.com/investor-services/innovative-products/reliance-any-time-money-card/
You can get the card only when you make the investment in a Primary scheme.
Contents
Primary Schemes
These are the primary schemes
- Reliance Liquid Fund – Treasury Plan
- Reliance Liquid Fund – Cash Plan
- Reliance Money Manager Fund
Secondary Schemes
Secondary scheme transactions are allowed only at HDFC Bank ATMs
- Reliance Corporate Bond Fund
- Reliance Vision Fund
- Reliance Dynamic Bond Fund
- Reliance Equity Opportunities Fund
- Reliance Floating Rate Fund - Short Term Plan
- Reliance Equity Savings Fund
- Reliance Gilt Securities Fund
- Reliance Focused Large Cap Fund
- Reliance Gold Savings Fund
- Reliance Growth Fund
- Reliance Liquidity Fund
- Reliance Income Fund
- Reliance Medium Term Fund
- Reliance Index Fund - Nifty Plan
- Reliance Monthly Income Plan
- Reliance Index Fund - Sensex Plan
- Reliance Regular Savings Fund - Balanced Option
- Reliance Media & Entertainment Fund
- Reliance Regular Savings Fund - Debt Option
- Reliance Mid & Small Cap Fund
- Reliance Short Term Fund
- Reliance Pharma Fund
- Reliance Arbitrage Advantage Fund
- Reliance Quant Plus Fund
- Reliance Banking & PSU Debt Fund
- Reliance Regular Savings Fund - Equity Option
- Reliance Banking Fund
- Reliance Top 200 Fund
- Reliance Diversified Power Sector Fund
- Reliance US Equity Opportunities Fund
- Reliance Small Cap Fund
Is it advisable to put lumpsum money here?
Put some base money into them and add to it monthly till your targeted emergency fund is created.
In most cases debt funds will be safe (except when demonetization type of news comes in)
I won't be using it for regular transactions. It is only to park idle money & redeem only in emergency situations.
Perfectly suits the need.
Take the card with minimum investment in the primary scheme
The rest of money can be in a short term / bond fund so that it can grow
Tax conscious investors who want to put some money that does not want to be redeemed within one year could consider Reliance Arbitrage Advantage Fund.
How to get the ATM Card?
There is a separate Reliance Any Time Money Card Application form that you need to fill and submit to Reliance MF office.
You can apply for it from Reliance MF website at https://investeasy.reliancemutual.com/Online/Accountmgmt/ApplyAtmcard
Before applying for the card, ensure that your residence address (contact address) is correctly mentioned in the Reliance MF folio.
If the address is not correct, apply for the updation of address before you apply for the ATM Card. Perhaps, you might have to give a KYC Change / Updation Request.
The card is valid in India only. Not sure if there are any restrictions for using for online transactions.
Up to 50% of the Balance or 50,000, whichever is lower can be withdrawn in a single day. So make your investment appropriately.
The closest alternative to this is Birla Sunlife App that allows to transfer funds from Bank to MF and vice versa. But it does not offer ATM card nor can it be used online.
It can be used to get a bit extra out of idle bank balance.
Related Topics
- Reliance Simply Save App
- Mutual Fund Utilities (MFU)
- List of Mutual Funds serviced by CAMS
- List of Mutual Funds with MFU
| Home | Personal Finance | Mutual Funds | Equity |
- Mutual Funds
- Reliance Mutual Fund