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sweep-in fd

  1. cc enjoyer

    Can we apply to IPO via auto sweep FDs?

    I want to apply under BHNI category on a account which has autosweep enabled above 2 lac rs. Can I apply in BHni given that my saving account doesn't have this amount but it's available in liked auto sweep deposit account? Will bank break the autosweep into saving account first to honor the...
  2. cc enjoyer

    Rules for IPO application from joint bank account?

    Can we apply to IPO via joint account? I believe we can given demat account has to be of primary holder? Can anyone confirm please? Also, If secodary account holder has their own account, can they apply same IPO using their demat separately?
  3. T

    Understanding sweep in deposits

    Ok, so I have been Googling quite a bit, and everyone says "If you need money that's not in savings account but in FD, the FD gets broken and deposited into savings" .. ok fine, but when does the reverse happen? Let's start with my ICICI account. I use it for all UPI transactions etc. It has...
  4. palen

    Sweep-in FD banks

    Hi, Are you currently using any auto sweep-in facility? Which bank? What is the balance post which money gets auto sweep? How has been your experience so far? My plan is to open one for parking emergency funds on a monthly basis.
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