Sweep-In Facility Fees & Charges

Provided below are the interest rates and charges for the HDFC Bank Sweep-In Facility. With this service, you can enjoy the benefits of high interest rates typically associated with Fixed Deposits, while also maintaining the liquidity offered by a Savings Account.

• Sweep-In with Savings Account: For Savings Accounts, it is essential to maintain the average balance required by your chosen account, regardless of the fixed deposit's value. Service charges align with the selected Savings Account.
• Sweep-In with Current Account: Similarly, for Current Accounts, maintaining the average balance required by your chosen account is crucial, irrespective of the fixed deposit's value. Service charges align with the selected Current Account.
• If the Fixed Deposit is held for less than 7 days, the interest earned on the transferred amount is forfeited.
• Please note that the Sweep-In facility is not available for certain transactions, such as IPO investments and investing in securities. Ensure there is a clear credit balance in the linked Savings/Current account to avoid any issues.

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