Need A Financial Product › Forums › Trading/Investments › A query related to hidden charges in auto sweep facility › A-query-related-to-hidden-charges-in-auto-sweep-facility_REPLY
Sachin Pal Rao
If your savings account has more funds than specified, it will automatically be converted to fixed deposit. And whenever the balance in savings account goes down the threshold limit, your fixed deposit will automatically be diluted to reach the mentioned level. For more you can read FAQs on auto sweep on bank’s websites.