Sep 12, 2023
Sweep In Fixed Deposits
A fixed deposit’s sweep-in feature enables investors to move extra cash from their bank accounts to their FD accounts, allowing them to earn larger profits. Depending on the bank, the auto sweep-in FD has one to five years terms. The amount investors want to keep in their savings and current accounts can be specified, and any remaining funds will be automatically moved to the sweep-in FD account.