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Home > Videos > What is Auto Sweep Bank Account in Kannada? | ಏನಿದು ಆಟೋ ಸ್ವೀಪ್ ಡೆಪಾಸಿಟ್? ಇಲ್ಲಿದೆ ಕಂಪ್ಲೀಟ್ ಡಿಟೇಲ್ಸ್

What is Auto Sweep Bank Account in Kannada? | ಏನಿದು ಆಟೋ ಸ್ವೀಪ್ ಡೆಪಾಸಿಟ್? ಇಲ್ಲಿದೆ ಕಂಪ್ಲೀಟ್ ಡಿಟೇಲ್ಸ್

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When your savings account is linked to a fixed deposit with a defined monetary limit it is considered as an Auto-sweep account. If the amount in the savings account crosses the defined limit, the excess money is automatically transferred into the fixed deposit which would facilitate you to earn a higher interest rate than it would have to lie in the plain. This is beneficial for people who always just keep their money in the savings bank account. Start watching this video to understand how does Auto Sweep Bank Account works and which are the banks that offer this facility and how does this account differs from other types of bank accounts. 

 
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