Auto Sweep Facility: Earn FD-Like Interest on Savings Account Funds with This Simple Service

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Earn FD-like interest on savings with Auto Sweep Facility!

देश के कई बैंक ऑटो स्वीप फैसिलिटी उपलब्‍ध कराते हैं.

N

News18•15-03-2026, 17:44

Earn FD-like interest on savings with Auto Sweep Facility!

•Auto Sweep Facility links savings and fixed deposit accounts, allowing surplus money to earn higher FD-like interest.
•Money exceeding a set 'threshold amount' in your savings account is automatically converted into an FD.
•Provides liquidity: Funds automatically transfer back to savings if the balance falls below the threshold, without premature withdrawal penalties.
•Offers better returns than a standard savings account while maintaining the flexibility to access funds anytime.
•Activate via net banking (e.g., SBI's onlinesbi.sbi); consider potential service fees and early reversal interest rates.

Read Full Article on News18 in Hindi

✦

More like this

✦

More like this

ভারতে বেশিরভাগ বিনিয়োগ অত্যন্ত সুরক্ষিত বিনিয়োগ বলে মনে করা হয় যদি বিনিয়োগকারী ফিক্সড ডিপোজিট এফডির বিষয়টি অত্যন্ত ভরসার ৷ প্রতীকী ছবি ৷

Beyond FDs: Boost Savings, Cut Taxes with Smart Investments!

Representative image

Auto-Sweep Deposits: Your Savings Account Can Earn FD Interest Automatically

ehrhevbbs

Tax Harvesting vs. Long-Term Investing: What Matters More for Your Portfolio?

Fixed deposits act as the stabilising core of a portfolio, offering assured returns regardless of market conditions.

Fixed Deposits: Why They Still Deserve a Place in Your Investment Portfolio

L&T Finance | The stock was an outperformer in 2025 and Nomura expects the stock to rise another 19.5% from current levels. Its "buy" rating comes with a price target of ₹325. Nomura's note stated that L&T Finance has nearly achieved its objectives highlighted in "Lakshya 2026" which is to increase its retail loan mix to 95% and a 25% CAGR in retail loans in 2026. It also said that L&T Finance has built commendable AI engines for underwriting and monitoring and it is already showing early signs of improvement in its asset quality. Macro events impacting rural customer base, disruption in AI engines and changes in management team driving AI are key downside risks.

Loan Defaulters Misusing IBC to Evade Creditors, Impacting Economy: HC

Mutual Fund SIP news

SIP Mistakes Cost Millions: Avoid These Errors for Better Returns