What is auto sweep facility?.
ICICI Bank Launches Mutual Fund Sweep Account February 25, ICICI Bank today announced the launch of 'Mutual Fund Sweep Account' - an automatic sweeping facility which allows current account holders to park their short-term surpluses into liquid mutual funds and earn higher returns. ICICI Net Banking: check out step by step guide for how to login at wikilebanon.info by using your ICICI Bank Customer ID. ICICI Net Banking and Mobile Banking are the facilities which enable you to perform banking transactions at your choice of place and time.
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NIFTY 50 10, Drag according to your convenience. ICICI Bank on Monday launched a pure online account where deposits above Rs 5, are automatically swept into a term deposit scheme with interest rates in the region of The bank also launched its cardless cash transfer initiative, through which customers of the bank can transfer funds to anyone in the country having a mobile phone.
However, it must be noted that the fixed deposit creation under the Money Multiplier Feature will be in units of Rs. The minimum term period of the Money Multiplier Feature is one year; however, it can be extended upon the completion of one term. The rate of interest of the fixed deposit account will be set by the bank and can be revised from time to time.
Amount can be withdrawn through means of cheques, ATM or credit or debit cards. Auto sweep facility or Money Multiplier Feature as it is known in the ICICI bank is something which enables you to utilize your idle money, which is laying in your account for no use. It is thus, a good option of earning a handsome amount at the end of the year with your idle money.
This scheme is become increasingly popular among account holders of this branch and is opting for it more and more every year. So if you are an account holder and planning to make some more money than opt for this scheme and earn a good amount! Email will not be published required. The spooky tales of the SCG ladies pavilion SCG heritage staff give us a tour and discuss the sometimes mysterious goings on in the famous ladies pavilion.
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