Super Savings Account (SSA)

How does Super Savings Account compare to Savings Bank Account?

SUPER SAVINGS ACCOUNT

>

SAVINGS ACCOUNT

7%*

>

4%

Super Savings Account gives you the benefits of a savings account combined with the growth of a mutual fund. With super saving account, you can save money plus earn money at the same time.

Greate returns > 7%*

Earn attractive returns on idle money

Easy Redemption

Access funds in 30 min. max, 365 days, 24x7

Withdrawals

Up to Rs. 50,000 per day or 90% of the current value, whichever is minimum.

No minimum balance

Zero account charges

No lock-in period

Super Savings Account versus Savings Bank Account

Save plus Grow

Super Savings Account Savings Bank Account
Returns High Low & fixed
Withdrawal Near Instant Instant
Risk Low Risk No Risk
Minimum Balance No Yes
Paperless process Yes No

Your money is invested in these funds

*6.67% in the past one year return of the Reliance Liquid Fund - Treasury Plan as on Feb 22, 2018. Past returns are not indicative of future performance.

Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. As per instant redemption rules, only INR 50,000 or 90% of the current value, whichever is minimum, is eligible for instant redemption on daily basis per fund. Rest of the amount will be credited through normal redemption process. The tax benefit of up to Rs.10,000 available for interest on savings bank accounts will not apply to Super Savings Account. Capital gains on debt funds are subject to short-term or long-term gains tax depending on the holding period.