Tech

Enable Auto Sweep In Bank Account

by Team Emka 

Enable Auto Sweep 

if you enable auto sweep in bank acc. than you can earn interest on money like fd

Enable Auto Sweep 

some banks provide this sweep feature but some banks is not provide this feature

Enable Auto Sweep 

in sbi this feature called as mods (multi option deposit scheme)

criteria for auto sweep

sweep in means - your money in bank sweep out means - your money in FD

criteria for auto sweep

when your money in sbi thresshold is 35,000 

criteria for auto sweep

when your acc. balance is 45,000 than your 10,000 FD is done and your balace is 35,000

criteria for auto sweep

and when your balance is 36,000 than 1000 FD is done and updated balance is 35,000 Rs.

criteria for auto sweep

you can chooose time in sbi, 1 yr to 3 yr

criteria for auto sweep

if you do sweep in money than you , than you need to pay penalty

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