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What is a sweep-in facility and how does it impact fixed deposit?

short by Soheib Ahsan / on Thursday, 12 November, 2026
A sweep-in facility is a feature where banks move money from savings account to FD account after the savings amount crosses a pre-defined threshold set by the account holder. If the savings account amount falls below a certain limit, banks move part of the FD amount to the account. No penalty fee is charged on premature withdrawals on auto-sweep FD.
read more at NDTV Profit