FD se zyada returns without lock-in period, activate this NOW on your Savings Account...
Let me tell you the secret, that is Auto Sweep facility in banks. This is one of the best feature provided by almost all banks but they will never tell you about it. You will have to enquire yourself and get it activated from your bank. By this method, we get FD interest rate on our existing savings account without any lock-in period as we have in FDs. So, let's understand this in detail and get it activated, What is Auto Sweep Facility? Auto Sweep Facility is a feature where your money above a certain limit will be moved into FD account automatically. This limit is called threshold limit which can be set by you. Now, let me explain it to you more clearly. Just for an example, you are salaried person or an employee, you make money and it gets credited into your bank account. So, if you get monthly about 50,000 and you your expenses in total is say 20,000. Then, what is your savings? 30,000 right! Now, you can set a threshold limit of 20,000 according to your mo...