Flexi Wallet

Plastic money is a popular way of accessing a bank account or a credit account today for withdrawing cash or shopping but what if you could bring the same convenience to your mutual fund portfolio? Presenting Reliance Any Time Money card that combines the benefits of mutual fund investments along with the convenience of a debit card. While traditional Mutual Fund investments offer the potential to earn market-linked returns with benefits of diversification, relatively low cost, liquidity, and professional management, accessibility to investments in these funds, mostly provided through physical redemptions, though high, is not instantaneous. The Reliance Any Time Money Card offers instant accessibility and liquidity to investors of mutual fund . So, now you can have access to your investments day or night. While your investments are earning their returns, they are also available to you all the time at your convenience.

Today, plastic money is a popular way to access a bank account or a credit account for cash withdrawals or shopping, but what if you could do the same for your mutual fund portfolio? Reliance Any Time Money is a debit card that combines the advantages of mutual funds with the ease of a debit card. While conventional Mutual Fund investments can give market-linked returns with the added benefits of diversification, low cost, liquidity, and expert management, access to these funds, which is largely offered through physical redemptions, is not instantaneous.

The Reliance Any Time Money Card provides mutual fund investors with immediate access to cash. As a result, you may now access your assets at any time of day or night. While your assets are collecting interest, you may access them whenever you choose.

Features of Reliance Anytime Money Card

• Cash withdrawal facility at Visa enabled ATMs and purchase transactions at merchant establishments just like a regular debit card in India.
• Daily Visa enabled ATM cash withdrawal limit of 50% of the balance in the primary scheme account or up to permissible limit determined by the bank or 50,000 whichever is lower.
• Daily purchases limit of 50% of the balance in the primary scheme account* or 100,000 whichever is lower
• Fuel surcharge waiver
• Free SMS and E-mail alerts on every transaction

*Primary scheme account gives you the flexibility to access your funds at all Visa enabled ATMs and merchant establishments across India. Primary scheme account can only be either Reliance Liquid Fund - Treasury Plan/ Reliance Liquid Fund – Cash Plan/ Reliance Money Manager Fund

The card is linked to your Reliance Mutual Fund schemes offering you instant access to your investments. The card will allow you to withdraw / spend against your mutual fund investments by providing you access at Visa-enabled ATMs and merchant outlets across India. Essentially it combines the benefit of investments along with the convenience of Debit card linked to your Reliance Mutual Fund investments

• In India, the card may be used to withdraw cash from Visa-enabled ATMs and to make purchases at merchant locations, much like a standard debit card.
• A daily Visa enabled ATM cash withdrawal limit of 50% of the balance in the primary plan account or up to the bank's allowed limit, whichever is lower, is available.
• A daily purchase limit of 50% of the amount in the principal scheme account*, or $100,000, whichever is smaller, applies on a daily basis.
• Waiver of the fuel surcharge
• Free transaction notifications via SMS and email *A primary scheme account allows you to access your funds at any Visa-enabled ATM or merchant location in India. Only Reliance Liquid Fund - Treasury Plan/ Reliance Liquid Fund – Cash Plan/ Reliance Money Manager Fund can be used as the primary plan account.

Your Reliance Mutual Fund schemes are connected to the card, giving you fast access to your investments. The card will provide you access to Visa-enabled ATMs and merchant outlets across India, allowing you to withdraw and spend against your mutual fund assets. Essentially, it combines the benefits of investing with the convenience of a Reliance Mutual Fund Debit Card connected to your assets.