Saving account with an auto-sweep facility.

[Maniya]

Which bank offers the best savings account with an auto-sweep facility? How does the interest rate calculate if I choose this facility? Is there any minimum balance that I have to deposit daily, and which banks provide the most flexible terms for this facility?

[Reema]

SBI, HDFC, ICICI, and IDFC FIRST Bank all offer auto-sweep facilities. The interest is calculated on the fixed deposit rates created by the sweep. Minimum balances may vary for different banks. But IDFC offers more flexible options with lower thresholds.