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| The scheme has several unique features, which are customer friendly and an attractive form of investment. |
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- If the minimum balance is above Rs.5000/- the system will look at the possibility of transferring of Rs 5000/- and multiples of Rs 5000/- automatically, to LFD (Lakshmi Freedom Deposit) for a period of 46 Days
- On maturity of the (46 days) deposit, it will be automatically renewed for further period of 46 days
- If no Sweep-in happens within that deposit period, the entire deposit amount will be renewed.
- Ideal for saving money for a targeted festive activity, such as marriage.
- On the other hand, to meet the withdrawals sweep in had happened for part of the deposit amount, then the residual deposit will get auto renewed on the maturity date.
- If the interest on such Sweep out deposit exceeds Rs 1000/-, it will be invested for 46 days with next deposit number.
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