Auto Sweep facility automatically transfers surplus funds from your Savings Account into Fixed Deposits once the balance exceeds a predefined threshold, helping you earn higher returns on idle funds. Funds can also be automatically transferred back to your Savings Account when required, ensuring liquidity without the need for manual intervention.

Customers can avail the Auto Sweep facility by visiting an IndusInd Bank branch. Eligible customers can also set up, modify or disable Auto Sweep digitally through the IndusInd Mobile Banking App.

Key Features

Minimum Deposit Amount

• Savings Account: As per the Savings Account variant held.
• Current Account: As per the Current Account variant held.

Interest Rate

• Enjoy Attractive Returns of 6% p.a. for 180 Day
• No penalty on premature withdrawal; however, interest will be paid at the rate applicable for the actual FD run period.

TDS on Interest

• Applicable as per prevailing income tax regulations governing Fixed Deposits.

Deposit Tenure

• Branch Channel: Default deposit tenure of 1 year unless otherwise specified.
• IndusInd Mobile Banking App: 180 days

Nomination Facility

• Auto Sweep FDs will inherit the nominee registered for your Savings Account. Nomination can be updated later.

Premature Closure / Reverse Sweep

• If your account balance falls short, funds will be automatically transferred from the linked Auto Sweep FD. No penalty will be charged.