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Reliance Liquid & Income Fund - Direct Credit of Redemption in ICICI Bank

Reliance Asset Management has tied up with ICICI Bank for direct credit of two of its funds' redemption requests for above Rs 1 lakh. The funds are Reliance Liquid Fund and Reliance Income Fund. All the account holders of ICICI Bank making redemption request for any of these funds will be credited directly in their account within one working day for Reliance Liquid Fund and two working days for Reliance Income Fund. This facility is already available with HDFC Bank and Citibank.