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What is sweep account

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What is sweep account..

Answer / m.akram

A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.

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What is sweep account..

Answer / raghuvstar@gmail.com

Like FD only,

But its difference from FD,
Sweep a/c whenever Main account balance will low automatically amount will transfer from sweep to Main Bank Account.
We can earn interest from sweep also in day terms.

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