18602677777
Reach Us
Vehicle Auction
Rates
Sweep in/sweep out Account

Indus MaxSaver

  • Smarter choice to grow your Savings with Sweep Out facility

  1. Home
  2. Deposits
  3. Sweep In/Sweep Out

Overview

Indus MaxSaver, also referred as Auto Sweep Out/In, is a feature that automatically transfers excess funds from a Savings Account/Current Account into a Fixed Deposit account, based on predefined thresholds.

Also, funds are automatically transferred back from the Fixed Deposit to the Savings Account/Current Account in case of balance shortfall, without requiring any additional instructions & without attracting any penalty on premature withdrawal.

Minimum Deposit amount:

  • Savings Account- As per the account type held, refer to specific Savings Account product feature
  • Current Account- As per the account type held, refer to specific Current Account product feature

Interest Rate: As applicable to term deposits, including senior citizen benefits

TDS in Interest: As applicable to term deposits

Default Deposit Tenure: 1 Year

Nomination facility: Available

Premature Closure: Allowed

Sweep in/sweep out Benefits

Benefits of Sweep in/sweep out Account

  • The funds transferred into a Fixed Deposit will earn a higher interest rate compared to those in a Savings Account. 
  • With Indus MaxSaver facility, fund transfers can be executed automatically, eliminating the need for additional instructions each time.  
  • The automated transfers can be scheduled for daily, weekly, fortnightly, or monthly intervals*. 
  • Customers can customize the thresholds and transfer amounts according to their preferences. 
  • Through Indus MaxSaver facility, customer can have a level of control and flexibility over funds 

Please click here for Fixed Deposit interest rates.

*T&C apply

You can avail the Indus MaxSaver facility by visiting a nearby branch and submit the application form.

Sweep in/sweep out Eligibility Criteria

Eligibility

Indus MaxSaver facility can be availed by individuals and corporates who are getting continuous float in their Savings Account or Current Account.

Suggested Products

Pioneer Infinite Debit Card
Pioneer Infinite Debit Card

A state-of-the-art contactless Debit Card to match your lifestyle packed with a host of benefits and features that make life easier.

Explore More
Duo Plus Card
Duo Plus Card

A debit card that allows you to earn rewards faster and helps you redeem them as per your convenience.​

Explore More
Signature Select Visa Debit Card
Signature Select Visa Debit Card

An exclusively crafted Debit Card to match your lifestyle with a host of benefits and features.

Explore More
FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7% interest p.a

Senior Citizen

up to 7.5% interest p.a

BOOK FD
Apply Now
Apply Now
Apply Now