Sweep in Facility offered by Banks
This query is : Resolved
27 October 2009
Hi
I came to know that some banks offer sweep-in facility whereby I can get FD interest rate and Savings account Liquidity .
I was wondering since it is such a good facility why not all customers go for this feature ..
I was trying to figure out if there is any hidden clause in it . Tried researching myself but couldn't find any resources .
Could you please help me
Thanks
I came to know that some banks offer sweep-in facility whereby I can get FD interest rate and Savings account Liquidity .
I was wondering since it is such a good facility why not all customers go for this feature ..
I was trying to figure out if there is any hidden clause in it . Tried researching myself but couldn't find any resources .
Could you please help me
Thanks
27 October 2009
may be the reason that this facility is available for Savings a/c and not for current a/c.
27 October 2009
Its available even for current premium accounts and most of them use the facility . As far as i know , there are no hidden costs involved .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
