IndusInd Bank Sweep in/Sweep out

Features and Benefits of Sweep in/Sweep out Facility

1. Minimum deposit amount will depend on the type of savings or current account opened in your name with the bank.
2. The interest rate charged by the lender will be will be applicable to the term deposits including the benefits offered to the senior citizens.
3. The deposit tenure offered ranged between 30 days and 24 months.
4. Nomination facility and premature closure facility is available.

Eligibility Criteria

This facility can be availed by both individual or corporates who have opened an FD account with the bank and are getting continuous float in CA/SB.

Documents to be Submitted

1. Application form.
2. Passport size photo of the applicant.
3. Proof of identity such as Aadhaar, passport, etc.
4. Proof of address such as Aadhaar, utility bills, etc.
5. If you are a new customer, then you will need to be introduced to the bank by an existing customer.

How to apply for IndusInd Bank Sweep in/Sweep out Facility

You can open a sweep in/sweep out deposit account by visiting the nearest IndusInd branch and submitting the deposit account form along with all the necessary documents. If all the details mentioned are correct, you will be able to open a sweep in/sweep out deposit account with the bank.