SBI Fixed Deposit interest in Saving Accounts

If you are a customer of State Bank of India (SBI), here’s some great news for you! SBI has launched a special feature for its crores of customers that lets you earn Fixed Deposit (FD)-like interest on the money kept in your savings account.

💡 Auto Sweep: A Machine That Makes Money from Your Money

This special feature is called Auto Sweep. Recently, SBI has made it even more beneficial. Think of Auto Sweep as a small machine inside your savings account that helps your money grow automatically.

Here’s how it works:
You fix a limit for your savings account, say ₹35,000. If your balance goes above that, for example ₹60,000, then the extra amount (₹25,000) will automatically move into a Fixed Deposit (FD). Instead of the normal 2.7% interest of a savings account, this money will now earn a higher FD interest of 6–7%.

💰 Money Is Always Available

You may wonder – what if you suddenly need that money? The magic of Auto Sweep is that if your account balance falls below the set limit (₹35,000), the FD will automatically break, and the required money will be added back to your account instantly.
No need to visit the bank or fill any forms. Everything happens automatically.
So, you enjoy both FD-level returns and instant access to your money – two benefits at the same time!

📢 What’s New from SBI?

SBI has recently increased the limit of the Auto Sweep facility, which means customers can now enjoy higher benefits. You can keep more money in your savings account and earn FD interest on it.

👉 If you haven’t activated this feature yet, contact your SBI branch or enable it through net banking. Don’t let your money sit idle – put it to work and earn more!