India’s First Reliance Mutual ATM Card
In what could be termed as the first of its kind ever in India, Reliance Mutual Funds has launched the first ever ATM Card linked to your mutual fund that you have with them. This card is brought in association with the HDFC Bank With this ATM card you can all that you do with a regular ATM or Debit Card like you can withdraw cash from the ATMs, use it to make shopping as well as make further investments in the various mutual funds schemes with Reliance.
Features of Reliance ATM Card
- You can access any VISA ATM across India
- Accepted as a debit card across various merchant establishments
- Immense opportunity to earn growth unlike your regular savings account
- You can start investment across various schemes via Visa ATMs
In order to use your Reliance ATM Card you will need invest in either the Reliance Money Manager Fund or the Reliance Liquid Fund which acts just like a regular savings bank account and helps you spend or invest from it whichever way you want to use your money.
This is a new step that mutual funds are taking in India and as is expected it is the Reliance that has brought out for the benefit of the investors. This is an excellent move by them and can prove to be beneficial who wants to park a lump sum amount in a regular liquid fund or any money manager fund with which you can transact for spends or even invest at any of the equity funds, gold funds or even the debt funds directly.
Now with the increase in interest rate for Bank Accounts this move can be even beneficial for those whose bank has not yet increased the savings account interest rates.
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