Sweepin Facility

What's in store for you

Know more about Sweep-In Facility

Fees & Charges

  • Enclosed below are HDFC Bank Sweep-in Facility (With HDFC Bank's Sweep-in facility, you gain the high interest rates that come with a Fixed Deposit, along with the liquidity of a Savings Account.) Interest Rates & Charges

Sweep-in with Savings Account 

  • In case of Saving Accounts, the average balance applicable to the Savings Account chosen by you, needs to be maintained irrespective of the value of the fixed deposit. Service charges applicable would be as per the Savings Account selected by you.

Sweep-In with Current Account 

  • In case of Current Accounts, the average balance applicable to the Current Account chosen by you, needs to be maintained irrespective of the value of the fixed deposit. Service charges applicable would be as per the Current Account selected by you.
  • If the Fixed Deposit is held for less than 7 days, your interest for the amount transferred is forfeited.
  • Sweep-in facility is not available for below transactions. Please keep clear credit balance in linked Savings/Current account.

    • IPO investment

    • Investing in Securities

Sweep-In Facility

Most Important Terms and Conditions 

  • I agree that my Fixed Deposit(s) linked for Sweep-in facility to my Savings account/current account should be in the same name(s) and title as my account.
  • I agree that all Sweep-in deposits will be for a predetermined period only. I authorise the Bank to break units of deposits formed due to Sweep-out instruction in case there is insufficient balance in my linked savings/current account.
  • I am aware and acknowledge that only the principal amount of the fixed deposit/s and not the interest will be considered for sweep in facility. Accordingly, Bank shall not be liable for any consequences arising out of non-compliance of any payment instructions due to insufficiency of principal amount to honour payments under sweep-in facility.
  • I am aware that, in case of linkage of more than one deposit to the Savings / Current Account for a Sweep-in, the system will first Sweep-in funds from the oldest deposit opened, i.e., the deposit which was first linked to the Savings / Current Account based on the First-In-First-Out method. Effective 22nd Feb 2014, Sweep in of funds from your Fixed Deposit (FD) to Saving/ Current account will trigger on Last in First out basis (LIFO) 
  • ​​For more information refer terms and conditions on Fixed Deposit
Sweep-In Facility

Frequently Asked Questions

You can easily apply for HDFC Bank's Sweep-In Facility online. Just visit our website and follow the simple application process.

With HDFC Bank's Sweep-In Facility, you can: 

  • Automatically cover any deficit in your Savings or Current Account with funds from your Fixed Deposit. 

  • Earn high interest rates on your Savings Account by linking it to a fixed deposit. 

  • Minimise interest loss by ensuring that deposits are broken down in units of ₹1/-.

The following documents are required to avail the Sweep-In Facility:

  • Identification proof: Aadhaar card, PAN card. 

  • Address proof: Latest utility bill, passport. 

  • Income proof: Latest salary slips (salaried), income tax returns (self-employed).

The HDFC Bank Sweep-in Facility is available for:

  • Resident Individuals

  • Hindu Undivided Families

  • Private and Public Limited companies 

  • Societies, trust etc