Whenever the balance in a savings account with an auto sweep facilty is above the threshold limit, the surplus amount will be transferred to the FD account directly (sweep-in). Each account earns its ...
Mumbai: India’s largest public sector bank, State Bank of India (SBI), has announced a change to its Auto-Sweep (MOD) facility. The bank has increased the minimum threshold from Rs 35,000 to Rs 50,000 ...