HDFC Bank Sweep In

Hi buddy plz tell me about Sweep In facility in HDFC Bank, as my one of the friend want to know about this facility ??

HDFC (housing development financial corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

As you want I am telling a sweep-in account, as it is called by HDFC Bank, could fit your bill. It works like this: With no minimum balance requirement, one has to keep a fixed deposit of Rs 25,000. When you are in need of cash, the bank can just transfer or 'sweep' in funds to the savings account.

Bank profile :

Type Private

Traded as BSE: 500180

NSE: HDFCBANK

NYSE: HDB

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, Financial services

Founded August 1994

Headquarters Mumbai, Maharashtra, India

Area served India

Key people Aditya Puri (MD)

Products Credit cards, consumer banking, corporate banking, finance and
insurance, investment banking, mortgage loans, private banking, private equity, wealth management

Revenue 74,373 crore (US$12 billion) (2016)

Profit 12,817 crore (US$2.0 billion) (2016)

Total assets 86,384,021 lakh (US$130 billion) (2016)"HDFC Bank" .

Number of employees 84,325 (March 2017)

__________________
Answered By StudyChaCha Member