Reliance Any Time Money Card

 

 

Reliance Any Time Money Card

 

 

 

Key Features of Reliance Any Time Money Card

 

• The card offers investors the benefit of Mutual Fund Investments along with the convenience of debit cards.

• Allows cash withdrawal and transaction in Point of Sales (PoS) terminals in Visa-powered ATM /PoS terminals

• Allows Balance Enquiry in Visa-powered ATMs

• Investors have the choice to withdraw from any scheme linked to the card in HDFC Bank ATMs

• In non-HDFC Bank ATMs and PoS terminals, transaction will happen only through PrimaryAccount.

• Card will offer instant liquidity to the unitholder up to a permissible limit as fixed/ determined by the Bank for ATM cash withdrawals or 50% of the balance in the scheme or Rs. 50,000 (whichever is lower) as set by RMF, per day, from time-to-time, whichever is lower.

• Investors will be able to spend up to 50% of the balance in the primary account or Rs. 100,000

per day (whichever is lower) at PoS terminals.

 

Primary Scheme Account

 

Primary scheme account on the card can only be either Reliance Liquid Fund – Treasury Plan or

Reliance Money Manager Fund. It is mandatory to have one of these schemes as the primary scheme

account in order to apply for the card.

 

 

Type of Transactions

 

3 type of transactions* are allowed through the card.

- ATM Cash withdrawal

- ATM Balance enquiry

- Purchase at merchant establishments

*Not valid for payment in foreign exchange in Nepal & Bhutan.

Card is accepted at over 1.8 million Visa-enabled ATMs and over 30 million merchant establishments that

accept visa.

(Source www.visa.com as on 19- September 2011)

 

Transactions at HDFC Bank ATM

At HDFC Bank ATMs, unit holders get the flexibility to withdraw cash / do balance enquiry from any of the

mutual fund scheme linked to the card.

a. Withdrawal:

1) Corresponding Scheme and plan associated with the card are displayed in case of cash withdrawal.

2) Post selecting the scheme and a plan, amount needs to be entered. If the withdrawal amount is within

the limit, transaction is honoured and processed.

 

 

Current schedule of Charges

	PARTICULARS	CHARGES
	Cash Withdrawal(Upto 50% of the Balance* or Rs 50,000, whichever is lower)	Nil
	Spending in PoS Terminals(Upto 50% of the Balance or Rs. 100,000*)	Nil
	Annual Fee Balance Enquiry	Nil
	Hotlisting of Card	Nil
	Card Issuance Fee,reissuance	Nil
	International Cash Withdrawal	Rs. 69 + ST##
	International Balance Enquiry	Rs. 21 + ST##

 

* Cash withdrawal at Visa ATM (other than HDFC) / PoS usage amount will be debited from the primary scheme.

- At HDFC Bank ATM customer can withdraw 50% of the amount or Rs. 50,000 (whichever is lower) from the eligible

schemes linked to card

- Customer can withdraw cash in multiple transactions at different ATMs till the daily limit of 50% of the balance or Rs.

50,000 (whichever is lower) in primary scheme is reached.

- Similarly at POS customer can purchase upto 50% of the balance in the primary scheme or Rs. 100,000 whichever is

lower

-Above charges are subject to revision with / without a prior intimation

# Service tax is currently charged at 10.3% and it is subject to change