Salary AddVantage by Reliance

N

NDR123

New Member
#1
#1
Can any one give us an idea about Reliance Salary AddVantage scheme. How far it is better compared with bank's savings account. Can we operate it like a bank savings account?
 
P

palka

Member
#2
#2
It is not comparable to a bank account, It is more like a fund of fund (FOF) mostly investing in a liquid fund. However the option of the ATM cum Debit card provides easy liquidity.

You may gain tax wise, if you keep a large amount of cash in your savings account.
 
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