Get FD interest rate from your savings bank account.

 In an auto sweep bank account there is a threshold limit, if your balance crosses that limit then the extra amount will be debited from ur ac and it will be credited to a new TDR or STDR (fixed deposit account). But subsequently, if u need money then this fixed deposit amount will be automatically available and u can withdraw the amount. Example as per SBI: if ur ac balance crosses 35K (threshold) then an amount above 25K (resultant) will make a TDR/STDR. Suppose, if the balance is 40 K then one TDR will be created of Rs 15K and the remaining amount of 25K will be available in a savings account.

Now don't put pressure on your mind. Just go to your bank the next day and get it enabled. Only, If you are a guy who likes to keep their 90% money in a bank account. This could be a good option for you.

Comments

  1. AnonymousJuly 20, 2022 at 11:44 AM

    ⭐️👌 Much appreciated!! Thanks.👌⭐️

    ReplyDelete

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