Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

What is the meaning of DEBIT SWEEP? If it has been transferred to FD, why did SBI do it without my instructions?

Tags: travel, money, careers
Asked by Hardeep Sondhi, 27 Nov '11 10:38 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering     Map Successfully AddedAdd Map
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

1.

Debit sweep is nothing but the amount has been trfd to a fixed deposit.
It has been done to get you higher interest on the savings bank amount.
Answered by klm, 27 Nov '11 02:16 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Read the rules of debit swap you will understand why did u sign for debit sweep if u did not need it or undertand what it is
Answered by iqbal seth, 27 Nov '11 12:15 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining