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May 6th, 2016, 08:02 AM
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Join Date: Mar 2012
Auto Sweep Facility in Standard Chartered

Hi I would like to have the details including the features and the advantages of the auto sweep facility with Standard Chartered Bank?

This is an innovative deposit choice that permits you the comfort of a financial balance without trading off on the premium that your cash gains contrasted and a long haul speculation vehicle like a settled store (FD).

Most driving banks in the nation, including open division banks, offer this office, however the name may differ. Along these lines, Syndicate Bank calls it the premium investment account, at HDFC Bank, it's known as the breadth in office, while at Standard Chartered Bank it's the 2-in-1 account.

Extra Features

Joined Monthly Average Balance of Savings Account and all connected Term Deposits >= Rs.250,000 or Monthly Average Balance of Savings Account >= Rs.50,000

Adaptability of a Savings Account

Free customized check book

Platinum Debit Card with a unique limited time offer*

Rebates on Locker Fee**

All Term Deposits made from the Premium 2 in 1 Savings Account will be connected to the record as a matter of course

Pull back cash at whatever point you require it

Store more cash in your record to procure a higher rate of premium

Account-related data readily available through telephone keeping money

* Take out a Platinum Debit Card with your Premium 2 in 1 Savings Account before 25 January 2012, and we'll diminish the yearly expenses on your card to only Rs.499 for the main year. Yearly expenses of Rs.799 apply for resulting years.

** 25% markdown for all clients keeping up the Rs. 50,000 normal quarterly adjust

The Double Advantage

The Premium 2-in-1 Savings Account interfaces your Term Deposits to your Savings Account as a matter of course, which means if you encounter a deficiency in your reserve funds, assets will be consequently cleared in from the connected Term Deposits, guaranteeing you appreciate both liquidity and higher returns.

Least add up to open an Online Term Deposit is 'INR 10,000/ - and the same can be made in products of '1/ - .

In the event that you wish to pull back more cash than you have in your Savings Account, we will break your store for the accurate sum you require. Whatever is left of the store proceeds according to the first residency.

Last edited by Neelurk; March 31st, 2020 at 12:49 PM.
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