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Sweep Account is an innovative saving account, wherein
you can have the option of linking your Current Account
to your Call Account for any excess balance in your
non interest bearing Current Account. Here the money
is automatically swept in from your Current Account
into your Call Account at the end of each day, thus
minimizing interest loss on your deposits. Withdraw
is possible from your Current Account by sweeping
out the balance transferred in your Call Account.
To avail Sweep Account, all you need is to open a
Current Account with us and agree on a minimum deposit
in your Current Account, above which shall be swept
into the Sweep Account to earn you interest. The interest
rates for these services are usually lower than those
offered by a normal saving account.
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