IndusInd Bank has introduced the Sweep in/out Deposit facility that ensures your money with complete safety, easy liquidity to meet your urgent needs at zero cost. This type of deposit account is most suitable for individuals and corporates who are getting continuous float in CA/SB.
Features: Automatic transfer of amount to term deposit for a specific period.. In case of insufficient balance in the CA/SB account, required amount will be transferred by breaking deposits
Minimum Deposit amount:
Interest Rate: As applicable to term deposits including senior citizen benefits
TDS in Interest: Applicable to the term deposits
Deposit Tenor: 30 days to 24 months
Nomination facility: Available
Premature Closure: Allowed
You can open a Sweep in/out Deposit online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further KYC process. Alternately, you can visit a branch and submit the Deposit Account form.
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