State Bank of Bikaner & Jaipur (SBBJ) is an associated bank of State Bank of India

As you asking I am telling sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.

In SBBJ under FLEXI Deposit Scheme after maintaining the threshold amount, the fixed deposits would be created for a minimum amount of Rs. 5000/- and thereafter in multiples of Rs. 1000/- for SB account. This auto-sweep facility would be operative on daily basis on the balance available in the account at the commencement of business.

State Bank of Bikaner & Jaipur (SBBJ) profile

Type Public

Traded as
BSE: 501061
NSE: SBBJ

Industry Banking
Insurance
Capital Markets and allied industries
Founded Jaipur, 1963
Headquarters Head Office,
Tilak Marg,
Jaipur 302 005 India
Key people

Arundhati Bhattacharya(Chairman), Jyoti Ghosh(Managing Director)

Products
Loans, Savings, Investment vehicles, etc.

Net income
Increase Rs. 730.24 Crore (March 2013)