Withdrawal As Per Your Requirement
Only the amount required in the deficit is swept into the active account without breaking the entire Fixed Deposit.
Auto Instruction
No need for additional instructions; once the facility is set up, it works on its own.
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No Additional Fees
You don’t have to pay any extra costs like overdraft fees if you don’t have enough money in your Savings or Current Account.
Multiple Accounts Linking Facility
Link multiple Fixed Deposit accounts to your Savings or Current Account with ease.
Enhanced Liquidity
Meet your liquidity requirements for urgent needs such as EMI payments or cheque disbursals. We will transfer or ‘sweep’ funds into your Savings or Current Account to rescue you from any embarrassment or a poor credit score.
Things to know
How to apply
AU Bank branch
Internet Banking
Why AU
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National presence
Bank with us across 1042 branches & ATMs.
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Get a bit more
Enjoy quality services at competitive rates.
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Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
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Superfast app
Manage and track all your transactions on the AU 0101 App.
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Sustained growth
Expanding by every quarter, with a balance sheet of over ₹1 lakh crore.
Bank anywhere anytime, on the AU 0101 mobile app
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View balance and transactions
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Download account statement
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30 lakh customers banking on app
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24x7 help
Questions? Answers.
What is a Sweep-In Facility?
In a Sweep-In Facility, the overdraft amount is transferred from the Fixed Deposit account to the active bank account of the customer to process any transaction that is on hold due to insufficient funds.
How does Sweep-In Facility work?
Let’s assume an active account is linked with a Fixed Deposit of INR 50,000. The active account has INR 24,000 but needs INR 12,000 more to clear a pending transaction of INR 36,000. In this case, the bank will transfer only the required amount of INR 12,000 to the active account so that the transaction is done successfully.
What are the interest rates on Sweep-In Facility for Fixed Deposit?
The interest rates offered on Fixed Deposits are generally higher than those offered on a Savings Account. Considering the amalgamation of these two essential accounts, the interest earned on Sweep-In Facility will be similar to interest on Fixed Deposits. For more information on interest rates, click here.
Are Sweep-In accounts safe?
Yes, Sweep-In Accounts are absolutely safe. They transfer the money from an internal Fixed Deposit account to an active Savings or Current Account in the same bank, so there is no possibility of a data or confidentiality breach.
Is a Sweep-In Account a cash equivalent?
Considering that a Savings Account and a Fixed Deposit account are both considered cash equivalent, we can agree that a Sweep-In Facility is a cash equivalent as well. This is because it can be easily converted to cash at any point in the agreed-upon term.
