Reliance Money Manager Fund
Advantages over Other Bank Products
RMM
|
S.B. A/c
|
C.A. A/c
|
F.D. A/c
| |
Interest
|
8 to 10%
|
4%
|
0
|
8 to 9%
|
Effective Interest
|
8 to 10%
|
2.8% *
|
N.A.
|
6.3% *
|
Lock in
|
No
|
No
|
No
|
F.D. Period
|
Min Balance
|
No
|
Yes
|
Yes
|
Yes
|
ATM Drawing limit
|
50000 #
|
40000
|
40000
|
No
|
Other Bank ATM Free usage
|
Unlimited
|
5 trax/Month
|
Nil
|
Nil
|
Tax on Interest
|
Nil
|
Yes
|
N.A.
|
Yes
|
SMS Alert on Interest Credit
|
Yes
|
No
|
N.A
|
No
|
Withdrawal limit at Branch
|
Full
|
Excluding Min Bal
|
Excluding Min Bal
|
Full
|
* Considering Max Income tax slab 30%
# 50000 or 50% of your Fund Balance whichever is less
(Park your SB / Current A/c funds to Reliance Money manager Fund (RMM) to earn 8 to 10 % P.A. Interest. Also get ATM card for instant withdrawal any time from any VISA ATM.
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