How does a sweep-in FD differ from a regular FD?
Sweep-in fixed deposits (FDs) automatically move surplus savings into FDs while allowing withdrawals when needed. Regular FDs lock in a lump sum for a chosen tenure. Both offer FD interest rates but differ in liquidity, withdrawal rules, charges and flexibility. Sweep-in FDs suit those needing easy access to surplus funds, while regular FDs suit savings earmarked for specific financial goals.
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