Auto Sweep Facility: The Big Trap | Hidden Rules Revealed | Auto Sweep in SBI, HDFC & ICICI Banks

Title: Auto Sweep Facility: The Big Trap | Hidden Rules Revealed | Auto Sweep in SBI, HDFC & ICICI Banks

In this video I have explained the reality of Auto Sweep Facility in Different banks such as SBI, HDFC, ICICI etc. I have explained all the hidden rules of Auto Sweep Facility and compared normal saving interest and auto sweep interest.

------------------------------------------------

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

[iamchatur]

Icici me mene autosweep enable kiya tha.. mera interest -980 rs tha.. 2 din baad withdrawal krne pr. Customer care se baat krne pr pta chla bank deduct -1% on early redemption.. 😂😂 if your interest is 0% then you're clearly losing 1% on too early redemption

[vasudevankm]

Since two years I had pen auto sweep in SBI. In between this period Ialso withrew some amount fro auto dweep. No penalty was charged. Auto sweep is a best sistem a I advise to do so

[prakashsingh]

Your analysis is right bro. I close all sweep fd account

[Prashant]

Very good info. Very good explanation.

[erhcsyal]

Badi ajeeb c example Li apne auto sweep vhi karega Jo minimum decided amount hoga vo to rakhna hi padega aur jo balance maintain nhi kerne ki position main nhi hoga to vo autosweep kyon

[shaileshmeena]

कम से कम लिमिट के अनुसार 15 हजार तो पड़े रहने देते,
उसे भी निकाल दोगे तो यहीं होगा ना,

[manojtiwari]

तो जब हर महीने पैसा निकाल ही लेना है तो आटो स्वीप फैसिलिटी को आन करना ही क्यों है

[dpkar]

If your plan is to withdraw cash or break FD within seven days then it is better keep cash in your wallet, you should not go to ATM to withdraw money and anyway forget about MOD facility 😅

[MechanicalGyan-ll]

Aare bhai ye auto sweep unloka keliye he ki jo aadmi jada transition nehi karta he jese saal me yek ya do bar withdrawal karata paisa thik he

[OneStream_Pro]

You missed to cover its benefits part it has benefits also if you hold your money for long term.

[austind.]

eye opening video, thank you very much

[SujitDas-ekdw]

Hare Krishna hare Krishna Krishna Krishna hare hare hare Rama hare Rama Rama Rama hare hare Radhey Radhey 🕉️🌞🙏 Bharat Mata ki Jai ShreeramSita

[babarocks]

Bro u took salary account and mentioned it saving.
Person usually keep their savings for a longer period.
Also u didn't mention interest gain after 45 days

[hitanshvr]

kotak bank Koi charge Nahin Leta?
Tell me about active mony

[nandkumaragri.supervisor]

बहुत अच्छी जानकारी दी सर आपने मेने फिक्स्ड डिपॉजिट में ओवर ड्राफट किया नुकसान हो गया था इस फैसिलिटी को में चालू करवाना चाहता था मुझे फसने से बचा लिया

[mayuridhekale]

Sir aap hi btaeye auto sweep on krau ya nhi kyoki bank mein paise aisehi pde no income or na hi kharch.. Usme bhi account saving account hain..

[nuralilakhani]

I think in Autosweep acc there's no penalty No interest paid on amount remaining for less than seven days possible

[relaxing]

Bro ... Tik e .. tik e. Ko thoda decrease kariega plz.. baki excellant 👍

[MixcafeZone]

Asa kuch nahi Bank me offer ke hisaab se bina panelty ki fd bhi hoti he jisme koi charge nahi lagt

[dr.ravindramalagi]

Yes opted auto sweep as I had to go out of India for 6 months and usually I don't require cash. However I am thinking of stopping and investing in large largecap NIFTY 50 stocks for long term after my return in November 2023. Is my decision correct?