Reliance money manager Fund

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
For Rs 100000  Deposit (IT Slab 10%)  Interest P.M.	Rs750	Rs 300	Rs 0	Rs 675
(IT Slab 20%)  Interest P.M.	Rs750	Rs 266	Rs 0	Rs 600
(IT Slab 30%)  Interest P.M.	Rs750	Rs 233	Rs 0	Rs 525
Interest  Rate taken in a/c	9%	4%		9%
Yearly ATM card charges	Nil	100	100
ATM Card Replacement charges	Nil	100	100

* Considering Max Income tax slab 30%

#  50000 or 50% of your Fund Balance  whichever is less             

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