Auto Sweep Service: Many people like us open our accounts in the bank, but remain unaware of all the facilities provided by the bank to the customers. If we have correct information about them, we can remain profitable. One such facility is Auto Sweep Service.

People keep depositing money in their savings or current accounts, on which they get 2.5-3 percent interest. However, if you use a little wisdom, you will get three times more interest on it. Generally, banks give 7-8 percent interest on fixed deposits (FD), but you can also earn the same interest on the money kept in your savings or current account. For this you will have to do a little work.

What is Auto Sweep Service?

Auto Sweep is a feature through which you can link your bank account with fixed deposit. As soon as this service is enabled in the account, you will get increased interest on the surplus funds. There is a limit to this. As soon as the amount deposited in the savings or current account crosses the sweep limit, auto sweep gets activated, after which interest is higher than the interest applicable on surplus funds, which is equal to FD.

Understand it this way – Suppose you have fixed the auto sweep limit in the bank at Rs 50,000, while the account has Rs 80,000. In such a situation, the amount which is more than the fixed limit i.e. Rs 30,000 will automatically be deposited in the fixed deposit, on which you will get more interest than a normal savings account. If the balance in your account decreases or if needed, you can get the money from FD ‘swept in’ back to your account. In a way, liquidity is maintained and huge interest is also available on the deposited amount.

Benefits of Auto Sweep

That is, if you do not know how and where to invest due to this service, then this is a great way of investment for you. Apart from this, you do not need to go to the bank separately to get FD because this work is completed automatically through auto sweep. Generally, you cannot break the FD until the maturity period is completed, but in this you can withdraw the money by breaking your fixed deposit anytime. You can get this work done both offline and online.

How to start the service?

To start the service offline, you just have to go to the bank and ask to enable the auto sweep service. Apart from this, you can also start it with the help of bank’s website or mobile banking. For this you will have to log in to your bank account and go to the fixed deposit option. Then along with clicking on ‘More’ you will get the option of ‘Auto Sweep Facility’. After this you will have to decide the limit and click on ‘Submit’ button.

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Investment Tips: In today’s times, people’s inclination towards investment has increased a lot. Everyone wants that their hard-earned money is safe and they get good returns on it. Earlier, most people considered FD as the safest option. But now the thinking has changed with time. Now people take decisions by comparing many options like mutual funds, gold and FD.

Some people like the growth point of mutual funds. While some consider gold as a reliable investment. Whereas FD still remains a good option. So the question is, which is more beneficial to invest in and which option suits your needs better. Let us tell you.

Which has more benefit in mutual funds, gold or FD?

If you want better returns then mutual funds can be a good option. There is a little more risk in this. But in the long run they often give better returns than FD and gold. Equity funds are especially suitable for investors who can handle market fluctuations. On the other hand, investing in gold provides stability and it performs well in times of inflation.

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Its value does not reduce. Rather it increases many times. Whereas in FD i.e. fixed deposit, money remains safe at fixed interest rate. But its returns are less as compared to mutual funds. That is, if you can take the risk then funds are better and if you want stability then gold or FD can be a better option.

Which investment is more safe?

FD remains at the forefront in terms of security. Because in this the returns are fixed and the deposited amount remains safe. In bank FD you do not have to bear any impact of market fluctuations. At the same time, the risk in gold is also less. Because its price keeps increasing in the long run. But there may be ups and downs in the short term. Talking about mutual funds, there is market risk associated with them.

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That means your investment depends on the performance of the stock market. However, if you invest for a long period then this risk gradually becomes stable. Therefore, if you want safety then FD and gold are good options. But if you can take some risk with better returns then you can invest in mutual funds.

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Bank FD Rates 2025: Indian investors prefer fixed deposits (FD) as a safe investment option. For the last several years, Indians have expressed their trust in FD. FD is a great option for safe investment. In which customers get a fixed return despite market fluctuations. If you are also thinking of investing in FD, then you must get information about FD rates of government and private banks. So that you can get a safe and excellent return on your investment.

1. SBI Bank It is offering 3 to 7.70 percent interest to its general customers and 3.50 to 7.60 percent interest to senior citizens.

2. hdfc bank

General customers – 3 to 7.25 percent
Senior Citizens – 3.50 percent to 7.75 percent

3. ICICI Bank

General customers – 3 to 7.10 percent
Senior Citizens – 3.50 percent to 7.60 percent

4. IDBI Bank

General customers – 3 to 6.75 percent
Senior Citizen – 3.50 percent to 7.25 percent

5. Kotak Mahindra Bank

General customers – 2.75 to 7.20 percent
Senior Citizens – 3.25 percent to 7.70 percent

6. Punjab National Bank

General customers – 3.50 to 7.25 percent
Senior Citizens – 4 percent to 7.75 percent

7. Canara Bank

General customers – 4 to 7.25 percent
Senior Citizens – 4 percent to 7.75 percent

8. Axis Bank

General customers – 3.50 to 7.10 percent
Senior Citizens – 3.50 percent to 7.85 percent

9. Bank of Baroda

General customers – 3 to 7.05 percent
Senior Citizens – 3.55 percent to 7.55 percent

Interest on FD in banks is available on both day and year basis, hence before investing one must know the investment amount and maturity time. Indian investors invest money in post office schemes along with FDs. Both these schemes are known for safe returns. By investing in FD, you are protected from market fluctuations and you get a secure return.

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Small Savings Schemes: After reducing the repo rate of the Reserve Bank of India (RBI), banks have also reduced interest on fixed deposits (FD). Apart from FD, many banks are also losing interest rates on savings accounts. However, due to guaranteed returns, the trust of the people on FD still remains. Today we are going to tell you about some such government schemes through this news, in which there is no danger of drowning money and returns are more than FD.

Sukanya Samriddhi Yojana

In the Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana), investors are getting interest at the rate of 8.2 percent. The purpose of this savings scheme of the Government of India is to secure the future of the girls so that there is no obstruction in their education or marriage in the coming time. Under this scheme, their parents or legal guardians can open the account in the name of girls under 10 years of age.

In this, from Rs 250 to Rs 1.5 lakh can be deposited annually. This account can be opened by going to banks or post offices. The maturity period in the scheme is about the girl’s 21 years or 18 years of marriage. Under Section 80C of the Income Tax Act, 1961, it gets tax exemption up to Rs 1.5 lakh.

Farmer development letter

Kisan Vikas Patra is also a savings scheme of the Government of India, on which 7.5 percent interest is currently getting. Its most special thing is that the amount invested in it doubles in 115 months i.e. 9 years and 7 months. It is also a safe option of investment, which provides guaranteed returns.

In this scheme, minimum can start investing from Rs 1000 and there is no upper limit. In this also, under Section 80C of the Income Tax Act, 1961, it gets tax exemption up to Rs 1.5 lakh. You can get more information about this by visiting the Indian post website and or any bank website.

National saving certificate

The National Saving Certificate (NSC) gets interest at a rate of 7.7 percent annually. It is a maturity period year. In this too, minimum can start saving from Rs 1000 and there is no limit for maximum investment. NSC will have to pay income tax at interest rate.

Senior Citizen Savings Scheme (SCSS)

The aim of this scheme of the government is to give financial stability to the people after retirement. In this, the rate of 8.2 percent on the investment of retirement funds gets a big interest. People above 60 years can invest in the scheme. The minimum deposit limit is Rs 1000 and the maximum deposit limit is Rs 30,00,000. In this also, tax benefit is available up to Rs 1.5 lakh.

Post Office Monthly Income Scheme

Investors get interest at the rate of 7.4 percent on the money invested in Post Office Monthly Income Scheme. In this too, the maturity period is 5 years. You can start investing in this scheme with Rs 1,000. If you want, you can also invest in multiple rupees multiple rupees in it. The limit of maximum deposit for single account is Rs 9 lakh, the limit of maximum deposits for joint account is Rs 15 lakh.

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Repo Rate Cut: The Reserve Bank of India (RBI) has now reduced the repo rate by 50 basis points to make it 5.50 percent. This year, RBI has reduced the rate rate for the third consecutive time. Due to low repo rate, those people who are already running in the bank or who are thinking about taking a new loan. This is because due to reduced repo rate, the loan becomes cheaper, banks reduce interest rates.

They will suffer loss due to reduced repo rate

However, this is bad news for those who have invested on a fixed deposit (FD) because there is scope to get less returns. Ever since the repo rate is being cut in 2025, the bank FD interest rate is being affected.

The RBI had cut the repo rate by 25 basis points in February and then April this year, after which banks also started reducing interest on FD. According to the report of SBI Research, since February 2025, the FD rates have decreased by 30-70 basis points. Along with low returns on fixed deposits, there has been a decrease in interest rate on savings bank accounts.

What can investors do now?

Interest rates are also expected to decrease on fixed deposits due to reduced repo rate. However, it may take several months now. Many banks are still offering good offers on FD. In such a situation, investors can invest on FD at higher interest rates without losing time. Many banks are still offering 8 percent or more interest on long -term fixed deposits.

Although now most of the small finance banks are offering more interest on FD, but since investing on FD in small financial banks is considered risky, before investing, keep in mind that it comes under the deposit insurance cover of Rs 5 lakh of deposit insurance corporation of India (DICGC).