Sweep In

A sweep in facility enables customers to link their Current and Savings/ Term Deposit account to another Current and Savings account held with the bank. Whenever there is insufficient funds, the shortfall in the account is swept in from the linked Term Deposit/current and savings account, thereby providing the customer the convenience of getting payments processed with ease. The Manage Sweep-in option enables the user to manage all his linked current and savings accounts and fixed deposit accounts. With this option, the user can add his Current and Savings / Fixed deposit accounts held with the bank, as a sweep-in account. There is also an option to delete or delink sweep-in from an existing Current and Savings account / Fixed deposit accounts, which has sweep in facility. After logging in to the application, when the user clicks the Sweep-in option, the user has to select his provider account, which directs him to the Sweep-in summary page. This page has options to add and delete the sweep-in accounts.

Pre-Requisites

Features supported in the application

Workflow

Workflow

You are here How to reach here:

Toggle Menu > Accounts > Current and Savings > Manage Sweep-in > Sweep-in
OR
Dashboard > My Accounts Widget > Current and Savings > Saving Accounts > More Options > Sweep-in

Manage Sweep In

All the linked provider current and savings accounts, fixed deposits accounts and their details are displayed on the summary page. The user has an option to select and view all his linked Current and Savings account accounts as well as Fixed Deposit account.

To manage sweep-in accounts:

Sweep In - Add

Using this option, the user can link his beneficiary Current and Savings account or Fixed Deposit accounts to his provider account to set up a sweep in facility.

To add a new account as a sweep in:

Sweep In - Add - Current and Savings

  1. In the Action column, select the account number(s) that you want to link.
  2. Click Save.
    OR
    Click Back to navigate to the previous page.
  3. The Review screen appears, along with the added account numbers and label as 'New'. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate to the previous page.
  4. The success message appears.
    Click Click Here to view the status of sweep-in request.
    The Multiple Sweep In Instruction Status screen appears on which the status of each individual sweep-in request appears. In case any sweep-in request has failed, the reason for failure also appears against the specific record.
    OR
    Click Go to Dashboard, to navigate to the dashboard.
    OR
    Click Manage Another Account to navigate to the Manage Sweep-In screen.
  1. Click the Back to Dashboard link to navigate to the Dashboard.

Sweep In - Add - Fixed Deposit

  1. In the Action column, select the account number(s) that you want to link.
  2. Click Save.
    OR
    Click Back to navigate to the previous page.
  3. The Review screen appears, along with the added account numbers and label as 'New'. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate to the previous page.
  4. The success message along with the host reference number appears.
    Click Click Here to view the status of sweep-in request.
    The Multiple Sweep In Instruction Status screen appears on which the status of each individual sweep-in request appears. In case any sweep-in request has failed, the reason for failure also appears against the specific record.
    OR
    Click Go to Dashboard, to navigate to the dashboard.
    OR
    Click Manage Another Account to navigate to the Manage Sweep-In screen.

Sweep In - Delete

The user can delete or delink an account linked to a current or savings account for sweep-in.

To delete a Sweep In account:

Home