What is auto-sweep facility? Earn triple interest from savings account

To triple your interest on savings/current accounts, visit your bank and activate a specific service

Activate the 'Auto Sweep' facility to earn fixed deposit interest rates on your savings/current accounts

Most banks offer Auto Sweep, but many are unaware, leaving large sums idle in savings accounts

Enabling Auto Sweep on your savings account earns you higher interest

Set a limit, and excess funds automatically convert to FDs with Auto Sweep

Auto Sweep activates when your savings/current account balance exceeds the set limit

Example: With a ₹10,000 limit, depositing ₹50,000 converts ₹40,000 to an FD

Earn FD interest on the excess amount, while the limit amount earns savings interest

With savings interest at 2.5-3% and FD rates at 6.5-8%, Auto Sweep can triple your returns

Unlike regular FDs, withdraw Auto Sweep FD funds anytime without penalty