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Reliance ATM Cardis a ATM Card that is similar to the ATM Card issued by your Bank.

OnlyReliance Mutual Fundin association with HDFC Bank offers this ATM Card.

Cash withdraw limits are there depending on which ATM you use.

You can get the card only when you make the investment in a Primary scheme.

Secondary scheme​ transactions are allowed only at HDFC Bank ATMs

Reliance Floating Rate Fund – Short Term Plan

Reliance Regular Savings Fund – Balanced Option

Reliance Regular Savings Fund – Equity Option

Put some base money into them and add to it monthly till your targeted emergency fund is created.

In most cases debt funds will be safe (except when demonetization type of news comes in)

I wont be using it for regular transactions. It is only to park idle money & redeem only in emergency situations.

Take the card with minimum investment in the primary scheme

The rest of money can be in a short term / bond fund so that it can grow

Tax conscious investors who want to put some money that does not want to be redeemed within one year could consider Reliance Arbitrage Advantage Fund.

There is a separate Reliance Any Time Money Card Application form that you need to fill and submit to Reliance MF office.

You can apply for it from Reliance MF website at

Before applying for the card, ensure that your residence address (contact address) is correctly mentioned in the Reliance MF folio.

If the address is not correct, apply for the updation of address before you apply for the ATM Card. Perhaps, you might have to give aKYC Change / Updation Request.

The card is valid in India only. Not sure if there are any restrictions for using for online transactions.

Up to 50% of the Balance or 50,000, whichever is lower can be withdrawn in a single day. So make your investment appropriately.

The closest alternative to this is Birla Sunlife App that allows to transfer funds from Bank to MF and vice versa. But it does not offer ATM card nor can it be used online.

It can be used to get a bit extra out of idle bank balance.