Question 1

How can I find out the balance of my SBI debit sweep?

Accepted Answer

Answer-Customers using the SBI Quick app can promptly obtain their account balance and a mini-statement by dialling the SBI balance enquiry toll-free number, 9223766666, on their registered mobile device.

Question 2

What are the drawbacks of account sweeps?

Accepted Answer

Answer-The key benefit of autosweep is that excess funds in savings accounts can receive higher interest than savings account interest comparable to FDs. However, frequent FD withdrawals result in interest loss.

Question 3

A sweep account: is it good?

Accepted Answer

Answer-A sweep account can help you get the most of your money if your company normally has a high deposit balance.

Question 4

How is a sweep conducted?

Accepted Answer

Answer-A sum that is over the limit and is moved into a fixed deposit with a 1-year term is known as a sweep in or auto sweep facility. Your rate of return will be higher if you send more money.

Question 5

What is the sweep account interest rate?

Accepted Answer

Answer-Sweep-in fixed deposits, often called as money multipliers or 2-in-1 accounts, offer a greater income than savings accounts (now around 6.75%) while also maintaining the liquidity of savings accounts.

Browsing: debit sweep

What is Debit sweep?

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Format of will in India

Section 80 TTA of Income Tax Act

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pmayg.nic.in report 2022-23 list- PMAYG

Format of will in India

Section 80 TTA of Income Tax Act