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Sunday, July 08, 2001













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IDBI Bank introduces Sweep-in-Savings account

IDBI Bank has introduced a Sweep-in-Savings account -- a fixed deposit linked to a zero balance savings account -- that offers ``high interest of a fixed deposit and the liquidity of a savings account''.

To avail of this facility, the customer has to open a fixed deposit of Rs 25,000 which has to be maintained at all times. In exchange, he gets services such as doorstep account opening, transactions, anywhere banking, mobile banking, demat account opening and ATMs, at no cost. The bank also offers facilities such as hospitalisation insurance, investment in mutual funds and RBI relief bonds.


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