Sweep-in facility

With the Sweep-in Facility you can link your existing Fixed Deposit to your Savings or Current Account. In case of a shortfall in the account in processing a debit instruction, the deficit is taken care of by withdrawing an exact value from your Fixed Deposit.

The deposit is broken in units of Rs. 100/-, thereby giving you the convenience of getting payments processed with ease ensuring complete peace of mind and minimising your Interest Loss. Sweep-in of funds from your Fixed Deposit to your Savings or Current Account will get triggered on Lowest Rate, First Out Basis, giving you maximum benefit in case of multiple linked deposits.

Benefits

  • Earn higher interest on your money with the facility of sweep-in, further securing your Fixed Deposit.
  • Link multiple deposits to your Savings Account and Current Account.
  • Enjoy flexibility in altering the period of deposit, maturity and payment instruction, principal amount and roll over period.