sweep


Auto sweep facility is combination of Term Deposits/Special Term Deposits with linked Savings Bank/ Current Accounts.



An automatic sweep is a programmed order to execute standing instructions that move funds from one account to another. This serves as a convenience for the client, relieving them of the need to enter separate instructions each time a transfer of funds is required or desired, or to write and deposit checks.



Autosweep by SMC South Luzon Expressway (SLEX) NAIA Expressway (NAIAX) STAR Tollway Tarlac-Pangasinan-La Union Expressway (TPLEX) Easytrip by MPTC North Luzon Expressway (NLEX) Subic-Clark-Tarlac Expressway (SCTEX) Cavite-Manila Expressway (Cavitex) Cavite-Laguna Expressway (CALAX) C5 Southlink



Then you should add auto seep facility to that account. By doing this, you get 1.5 to 2 times more interest on the same deposit and the facility to withdraw money at any times is also maintained. All major bank like SBI, PNB, BOB, ICICI, HDFC, Axis Kotak Mahindra offer auto sweep facility with savings account on request from their customers.



To Calculate - Auto Sweep Flexi Deposit Amount, Interest, Maturity Value with Interest Earning in Saving Bank Account change the defaults values entered here as per your bank's norms or as per your calculations requirement.