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IndusInd Bank’s sweep in/sweep out deposit facility ensures that your funds are safe and liquid and readily available for any urgent financial needs at zero cost. This type of deposit account is most suitable for individuals and corporates who are getting continuous float in CA/SB.
Minimum Deposit amount:
Interest Rate: As applicable to term deposits including senior citizen benefits
TDS in Interest: Applicable to the term deposits
Deposit Tenure: 30 days to 24 months
Nomination facility: Available
Premature Closure: Allowed
With IndusInd Bank’s sweep in/sweep out facility, an automatic transfer of funds goes to term deposit for a specific period. In case of insufficient balance in the CA/SB account, the required amount will be transferred by breaking deposits:
Please click here for interest rates.
You can open a sweep in/out deposit by visiting a nearby branch and submit the deposit account form.
Sweep In/ Sweep Out can be applied by individuals and corporates who are getting continuous float in CA/SB.
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