Hello, here I m providing you the details of the Auto Sweep Facility of SBBJ as under:

SBBJ Flexi Deposit Scheme:
Individuals including minors aged 10 years and above and NRIs, in single or joint names can open SBBJ Flexi Deposit account.

Auto sweep facility:
Auto-sweep facility would be operative on daily basis on the balance available in the account at the commencement of business.

Benefits:
To avail the benefit under this scheme, you need to have a Savings Bank a/c (either a new or existing).

You can decide the threshold amount (Rs. 5,000/- or more), which will be maintained in your account.

Details:
You can opt for any-one maturity for the TDRs/STDRs (6 to 60 months in round month) or else the deposits will be opened for 6 months.

You can draw on the deposits by merely issuing a cheque on the Savings account or through ATM.

Premature withdrawals (sweep out) of fixed deposits for payment of cheques / drawal from ATMs would be subject to the Bank's rules for premature withdrawals of term deposits.

In the absence of any such specific instructions, the system would break the latest fixed deposit (in multiples of Rs. 1,000/ 5,000) by an amount adequate for payment of the cheque.

, I want to know the details of the Auto Sweep Facility offered in SBBJ. Will you please provide me on my email. mayurbardia@yahoo.com