Sweep-in Facility

What is the Sweep-in Facility?

  • Any deficit in your Savings or Current Account is taken care of – the exact value comes from your Fixed Deposit
  • Deposits are broken down in units of Rs 1/-thereby minimising Interest Loss
  • Effective 22nd Feb 2014, Sweep in of funds from your Fixed Deposit (FD) to Saving/ Current account will trigger on Last in First out basis (LIFO)

What are the benefits?

  • Earn higher interest on your money until it is swept-in, while the remaining Fixed Deposit continues to earn you interest
  • Link multiple deposits to your Savings Account
  • Enjoy flexibility in altering the period of deposit, maturity and payment instruction, principal amount and roll over period

Contact Us

Contact Number
Ahmedabad
6160 6161

Eligibility and Documentation of Sweep-in Facility

Sweep-in Facility Interest Rates & Charges

Enclosed below are HDFC Bank Sweep-in Facility Interest Rates & Charges

Sweep-in with Savings Account
In case of Saving Accounts, the average balance applicable to the Savings Account chosen by you, needs to be maintained irrespective of the value of the fixed deposit. Service charges applicable would be as per the Savings Account selected by you.

Sweep-In with Current Account
In case of Current Accounts, the average balance applicable to the Current Account chosen by you, needs to be maintained irrespective of the value of the fixed deposit. Service charges applicable would be as per the Current Account selected by you.

If the Fixed Deposit is held for less than 7 days, your interest for the amount transferred is forfeited.

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