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Home > Videos > What is Auto-Sweep in Facility in Fixed Deposits(FDs) | Prerna Chatterjee

What is Auto-Sweep in Facility in Fixed Deposits(FDs) | Prerna Chatterjee

A Sweep In or auto sweep facility is a balance that is in abundance of the stipulated sum which is moved into a fixed deposit for a tenure of 1 year... The sweep facility is a sort of fixed deposit, and it is connected to your savings account or current account depending upon which account you hold with the bank.

 

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