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  1. Also note that different banks have different names for this facility. For eg., ICICI Bank calls it ”Auto Sweep” , HDFC Bank calls it “Sweep-In” account , and SBI calls it “Saving Plus.” . Here is a list of other banks and the name by which they call this Auto-Sweep facility (thanks for Gopal Gidwani for the info)

    IDBI Bank – Sweep-in Savings Account
    Axis Bank – Encash 24
    Union Bank – Union Flexi Deposit
    HDFC Bank – Super Saver Facility
    Bank of India – BOI Savings Plus Scheme
    Oriental Bank of Commerce – Flexi Fixed Deposit Scheme
    State Bank of India – Multi Option Deposit Scheme
    Allahabad Bank – Flexi-fix Deposit
    Bank of Maharashtra – Mixie Deposit Scheme
    Corporation Bank – Money Flex
    United Bank of India – United Bonanza Savings Scheme
    This type of SB a/cs are in existence for a very long time.At present ICICI bank is having this a/c.On my enquiry some time back this type of SB a/c is there.
    Pl.search under the head of Auto Sweep a/c

  2. I am undertaking a Project Study of the trends in Fixed Deposit Schemes – Revolution UNFIXED DEPOSIT SCHEME. Can you please mail the detail circular of SBI or Allahabad Bank on “Unfixed Deposit Scheme’, with complete procedue guidelines and terms and conditions as it would be of immense help to my project work.

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