Bandhan Bank Sweep in FD

What is Bandhan Bank Sweep-in FD?

Bandhan Bank Sweep in FD or Bandhan Super Save FD is designed to help you get liquidity and returns. Once you set a minimum sweep in balance for your savings account, the excess amount is transferred into a fixed deposit in set multiples. This way, your surplus funds earn competitive FD interest rates while your account balance remains liquid for daily transactions with a Sweep in FD tenure of 1 year.

Key Features of Bandhan Bank Sweep in FD

The auto Sweep Facility in Bandhan Bank has several useful benefits for depositors. Some of the key features include:

• Overdraft Protection: The Sweep in FD facility automatically channels surplus funds from your savings account into a linked fixed deposit. This helps maintain adequate balance for transactions and ensures your money earns higher returns.
• Easy Activation: You can activate the sweep in FD Bandhan Bank facility through internet banking, mobile banking, or by visiting a branch.
• Smart Savings Habit: By moving surplus funds into FDs, this facility ensures you build disciplined savings without compromising liquidity.

How to Apply for Bandhan Bank Sweep in FD?

Bandhan Bank offers flexibility to apply for a Sweep in FD. Customers can set it up online or complete the process offline.

1. Online Application

   You can easily activate the Bandhan Bank Sweep in FD online through NetBanking or the mBandhan app. The process is quick and requires just a few simple steps to complete:

   • Login: Sign in to Bandhan NetBanking or the mBandhan Mobile App using valid account credentials.
   • FD Section: Navigate to the Fixed Deposit menu and select the Sweep in FD facility.
   • Set Parameters: Enter the sweep in balance amount and provide the necessary account details.
   • Review: Verify sweep in details, balance limit, tenure, and account information before confirming activation.
   • Confirm: Authenticate using OTP verification and successfully finalise the Sweep in FD activation.
   • Acknowledgement: Receive confirmation message or receipt showing successful activation of Sweep in FD facility.

2. Offline Application

   If you prefer offline banking, the Bandhan Bank Sweep in FD facility can also be activated by visiting a branch as follows:

   • Visit the Branch: Go to your nearest Bandhan Bank branch.
   • Fill Out Declaration Form: Request and complete the Auto Fixed Deposit Declaration Form.
   • Submit KYC Documents: PAN, ID, and address proof (if not already linked).
   • Provide Account & Sweep Details: Mention savings account details and sweep in balance.
   • Confirm Setup: Submit the form; the bank official will activate the facility.
   • Collect Confirmation: Once approved, you will get confirmation of the Sweep in FD activation.

Key Takeaways

The Bandhan Bank Sweep in FD facility automatically transfers surplus funds into fixed deposits, enabling you to earn attractive Bandhan Bank FD rates while retaining liquidity. These deposits are usually created in smaller multiples, ensuring flexibility and smoother withdrawals whenever funds are required. With this smart system, you can enjoy FD returns while easily accessing your money whenever needed.