![]() Step 3: In the Deposit section, you can see the Auto-Sweep Facility (Grow your Money) option, click on this option. Pension or family pension payment orders issued to retired employees by government departments or public sector undertakings, if they contain the address. Step 1: Login to SBI internet banking ( Step 2: After login, click on Deposit & Investment and open the Deposit section as you can see in the below screenshot. Savings Bank Accounts: In case of Savings Bank Accounts, the auto sweep facility shall operate beyond the minimum balance of Rs 5,000/ and in multiples (units).Agreement to contain Customer’s name as Employee. Leave and licence agreement with any of the above employers. ![]() Letter of allotment for accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies If you leave more money than necessary in your current account, we can automatically sweep surplus funds into an interest-paying savings. Auto sweep-out facility ensures that you earn higher interest rate by moving extra amount beyond the threshold limit from your savings account to fixed deposit.Property Tax Bill or Municipal Tax receipt not older than one year.Utility Bill not older than 2 months (electricity, telephone, post-paid mobile phone, piped gas, water bill).In such cases customer to update the OVD with communication address and submit to bank in 3 months of account opening. Proof of possession of complete Aadhaar numberĬommunication Address proof: If the above address proof does not contain communication address, then the following documents can be considered as proof of address. Definition A sweep account is a type of bank or brokerage account that automatically transfers funds that exceed a predetermined amount into a higher interest-earning investment account.For ‘auto sweep’ facility, the Minimum Threshold Balance & Minimum Resultant Balance should be Rs 35,000/-and Rs. Letter from National Population Register Provision of MODs are also available through auto sweep facility in Savings Plus accounts.Job card issued by NREGA signed by State Government Officer.Sweep accounts are a safe way to earn a higher rate of interest on your excess funds. Driving Licence issued by Regional Transport Authority Put your idle funds to work with a Sweep Account from First Federal.The interest rate on the account varies from. Here’s how to use Auto Sweep: Go to and log in to your account, Click ‘Profile’ near the top of the page, Click 'My money,' Hover over 'More' near 'PayPal balance,' and then click 'Auto Sweep,' Click ‘Edit’ and Click ‘Yes,’ select the bank you want your money transferred to, and click ‘Save. Thank you for visiting Required Identity & Address ProofĪny one of the following documents would serve as proof of identity & address (OVD) of the Customer. Saugat Bachat Khata is a unique product, which has integration of both savings and fixed deposit account. The content available on this linked site is subject to revision, verification and amendment without notice. Any action on your part on the basis of the said content is at your own risk and responsibility, and SBG makes no warranty or representation regarding any content provided through this linked site and disclaims all its liabilities in respect thereof. If the said content contains any mistakes, omissions, inaccuracies and typographical errors, etc. are hereby collectively stated as "content" for this linked site. The information is being provided only for customer convenience and the information, advices, suggestions, illustrations etc. Thereafter Rs 10/- +GST per financial transaction. SBI Finder will enable you to locate the ATMs, CDMs, E-Corners and Branches of State Bank of India, view them on maps and get directions to reach there. Saraswat Bank ATM-First 5 financial transactions per month are free. This is usually done to prevent excess cash from sitting in a low-rate account, but sweep accounts can also be used to pay off loans. ![]() For details of the fixed deposit interest rate, click here. A sweep account automatically transfers (or sweeps) money from one account into a separate account, with the aim of earning a higher rate of return. Avail higher interest rate through funds converted into Fixed Deposit. ![]() By clicking on the link "PROCEED" you will be re-directed to a third party website which is neither owned nor controlled nor endorsed in any manner by State Bank Group (SBG). ActivMoney Auto Sweep in Facility Want to earn higher interest of a fixed deposit (FD) Set your sweep-in and sweep-out limit and see your funds being converted into an FD immediately.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |