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Reliance MF allows transactions using Visa Debit Card

July 21st, 2011

The latest trend in the Indian Mutual Fund industry is that the plastic cards issued by the banks can now be used for purchasing units of mutual funds by investors. Yes. The Debit cards of the banks can now be used to buy mutual fund units.

While DSP Blackrock Mutual Fund is already allowing this, Reliance Mutual Fund has joined in the list.

Effective June 21, 2011, investors can use the Visa Debit Card issued by the investors bankers to make transactions over its website RelianceMutual.com. Investors with or without IPin can use this facility.

Entry Filed under: Mutual Funds, Reliance Mutual Fund, DSP Black Rock Mutual Fund, Fund Houses & AMCs