Avoid Auto-Sweep🚫| Auto Sweep Facility in Fixed Deposit & Flexi Fixed Deposit (FFD) Review

In this video, We’ll Discuss the Unknown Truths About Auto Sweep FDs. You might have heard that you can earn 7-8% from your Savings Account by enabling the Auto Sweep Facility; But it's not the complete truth. This video will make you understand the reality of Auto-Sweep Facility.
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In this video, I have discussed about:
Autosweep Fixed Deposit | Autosweep Facility | SBI Autosweep Facility | Kotak Autosweep Facility | Flexi Fixed Deposit Facility
Disclaimer: The information provided in this video is for general informational purposes only and should not be considered as professional financial advice; I am not a certified investment advisor. I encourage all viewers to use the information on the channel as a resource only and should further conduct your own research and due diligence before making any investment choices or seek professional help when needed. The views and opinions expressed in this video are solely my own and do not reflect the views or opinions of any organisation or institution.

[@PankilMaheshwari]

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[@amitarora1975]

Pankil beta, good job. Thank you for your efforts. I believe an apple to apple comparison would be to consider Tax on Saving Bank interest as well which I believe you haven’t captured. But the larger message is understood. I have used this facility since past 12 years with Kotak Bank.

[@PankilMaheshwari]

Thanks for your input as I forgot to discuss this point in a video ……Actually I didn’t considered Tax on savings bank interest here as autosweeps are activated for the purpose of maintaining smaller amounts in savings bank interest which usually ranges between 10K-1lakh for retailers and tax on 1lakh’s savings interest rate will be below 10K which will be exempted whereas people always have other FD investments apart from autosweep which incurs tax liability everytime with autosweep FDs.

[@shashwat5135]

मित्रा hats off मानते हे आपको क्या content लाते हो totaly unique and uncommon 🙏

[@PankilMaheshwari]

Thank you❣️

[@Vikas-pv3ie]

Great video. Thanks for posting this. What is the Tax in the screen at 10:05? Is it the standard 10% income tax on interest earned?

[@PankilMaheshwari]

Thanks for appreciation and Yes, it is

[@ajaysutar2]

Very nicely explained Pankil, it was very helpful. All the Best.

[@PankilMaheshwari]

Glad you found it helpful! do subscribe for more such informative content.

[@SwampyPanda3]

Kotak activmoney feature doesn't have any penal charges for sweep in accounts and 7% interest if kept max 180 days

[@blazing_thunder]

Umm while auto sweep is on... can i do transactions from my savings account?.. if i can then how can it hamper my fd?

[@riyaSharma-dp7nc]

Sir isko activate krwane liye pan card imp hai kya ?

[@blazing_thunder]

So after 180 days when the fd matures then my money come back to my savings account and auto sweep deactivated?

[@lalchandtirthani2254]

Sir aap ko pata kar ki batate FIFO, LIFO. because it's fixed not on no decision. Mene go note 5 years pahle LIFO. PLEASE CLEAR

[@ShubhamGupta-sd1ye]

Cbi ka bataiyega

[@Beingshabzzz]

Sweep fd doesnt have any penalty why are you giving false informstion

[@suchitmehra7835]

AAJ KAL KI MARKET KE HISAB SE ,, KAUN SA MUTUAL FUND THEEK RAHEGA ??

[@PankilMaheshwari]

Jin funds me already invested ho unhime regular sip karte rahiye….. Utaar chadhaav to chalte hi rahenge markets me

[@suchitmehra7835]

@@PankilMaheshwari HDFC BALANCE ADVANTAGE FUND MEIN HE AUR INVESTMENT KARNE LAGA HOON.

[@PankilMaheshwari]

MULTI-CAP and LARGE-CAP category me fresh invest karne ka abhi acha time hai

[@onlysifar9326]

thx

[@onlysifar9326]

nice

[@chauhan3125]

Are bhai sedhi se baat h apni limit set kro bs

[@shirishwaghmare8120]

Aapke small case ka plan air fees beta dena

[@PankilMaheshwari]

Mera khudka koi smallcase nahi hai