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sweep-in fd

  1. J

    Is it possible to apply IPO using Sweep-in FD?

    I just was about to make a FD and also did apply for few IPO's recently. So this thought came to my mind if we can use the Sweep-in Fixed Deposits to Fund IPO's? I tried searching for it but could only find on HDFC's website that they don't allow it. Does anyone have any experience with it or...
  2. cc enjoyer

    Rules for IPO application from joint bank account?

    Can we apply to IPO via joint account? I believe we can given demat account has to be of primary holder? Can anyone confirm please? Also, If secodary account holder has their own account, can they apply same IPO using their demat separately?
  3. T

    Understanding sweep in deposits

    Ok, so I have been Googling quite a bit, and everyone says "If you need money that's not in savings account but in FD, the FD gets broken and deposited into savings" .. ok fine, but when does the reverse happen? Let's start with my ICICI account. I use it for all UPI transactions etc. It has...
  4. palen

    Sweep-in FD banks

    Hi, Are you currently using any auto sweep-in facility? Which bank? What is the balance post which money gets auto sweep? How has been your experience so far? My plan is to open one for parking emergency funds on a monthly basis.
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