WebMar 14, 2024 · Surbhi Current Account provides a scheme with sweep and reverse sweep option to Corporate Liquid Term Deposits (CLTD). Features. Low Monthly Average Balance :Rs 10000. ... But threshold limit for auto sweep would be Rs 1 Lac. For CLTD – Initial deposits would be [ i.e. for the first sweep ]–Rs. 1,00,000/- and subsequent deposits … WebWhat is the auto-sweep facility? The auto-sweep facility is a combination of savings account and FD or fixed deposit account. It carries with it the advantage of both facilities. …
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WebNov 9, 2024 · A sweep account is a type of bank or brokerage account that automatically transfers funds that exceed a predetermined amount into a higher interest-earning investment account. This transfer happens at the close of each business day and may work with an account located within the depository institution (internal sweep account) or one … WebEnroll in the Automated Payment Program and have your monthly payment automatically deducted from your deposit account. Download, complete, and return the Automated … WebSep 30, 2024 · On authorisation by primary account holder, it will automatically get initiated after ensuring an initial threshold amount of Rs 20,000/- in salary account, subject to a minimum Sweep-in / out of Rs 1,000 and in multiples of Rs 1,000 thereafter, TDRs/STDRs created through Sweep facility will be issued for a period of 7 to 365 days. slow fill toilet