banner_ad

Sweep account criteria.??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 January 2015 what is sweep account ?? can saving account in which salary is receiving can be converted into sweep account?? what are the practical advantage over savings ??
Profile Image

CA Tejas Mistry

Profile Image

CA Tejas Mistry (Expert)
05 January 2015 You can convert saving account also in Sweep Account, main advantage of this facility is Interest Rate
You can get a FD Interest rate on the balance in your Saving account after keeping minimum amount in Saving Account.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 January 2015 sweep means amount tr from saving to fdr and you get the fdr intt on the sweep amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 24 April 2026
Article Assistant

SMW And Co.

Pune

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details