IndusInd Bank offer Sweep out facility over a cut off limit in CA (Current Account) and SB (Savings Bank) accounts.
Similarly, the Term deposits would be closed and credited to the CA / or SB account (Sweep-in) as and when it is required, with minimum interest loss to the customer.
Features & Benefits..!
Balance over the specified amount maintained in the transaction account, will be automatically transferred to Term Deposit for a predetermined period, as per customer’s instruction.
In case of insufficient balance in the CA / SB account at any point in time, required amount will be transferred to these accounts by breaking deposits to the benefit of the customer
Minimum Deposit amount..!:
Savings Account- As per the account type held, refer to specific Savings Account product feature
Current Account- As per the account type held, refer to specific Current Account product feature
Interest Rate: As applicable to Term deposits including Senior Citizen benefits
TDS in Interest: Applicable to the Term deposits
Deposit Tenor: 30 days to 24 months
Nomination facility: Available
Premature Closure: Allowed
Best For Individuals and Corporate who are getting continuous float in CA/SB
Documentation..!
* Application form
* Passport size photograph
* Proof of Residence
* Introduction
For further details Email:
reachus@indusind.com
Call: BSNL & MTNL subscribers: 1800 22 0061
Other subscribers: 1800 209 0061 / 022 - 44066666
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