BusinessPhoto: News18Hi BusinessSweep-in vs Regular FD: Which Yields Better Returns on Savings?
Sweep-in FD and regular fixed deposits (FD) offer better interest earnings than savings accounts but operate differently. Sweep-in FD automatically transfers excess funds beyond a set limit from the savings account to FD, allowing partial withdrawals when needed. Regular FD involves depositing a fixed amount for a set term. Early withdrawal in both may reduce interest or incur penalties as per bank rules.
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