SBI Auto Sweep Facility in Details The SBI Multi Option Deposit Scheme (MODS) offers an auto sweep facility that links a savings account to a fixed deposit account: How it works When the balance in the savings account exceeds a set limit, the excess funds are automatically transferred to the fixed deposit account. If the balance in the savings account falls below a minimum limit, funds are transferred from the fixed deposit account to the savings account. Benefits The auto sweep facility helps e
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The auto-sweep facility is a combination of savings account and FD or fixed deposit account. It carries with it the advantage of both facilities. | Romita Tiwari
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