New Delhi, May 26 -- Fixed deposits (FDs) are an all-time favourite product for investors to earn a fixed rate of return. But one of the drawbacks of the fixed deposit is that once you book the FD, you can't withdraw a partial amount. For this, you have to break the FD and keep the full amount.

But there is one facility available that helps you withdraw and invest the amount in an FD based on your choice, and it is the sweep-in facility. So, let's find out how this facility works, key benefits, and much more.

A sweep-in facility is a feature that helps you earn better returns on excess funds lying idle in your savings or current account. Under this facility, any sum in your savings account above a pre-set limit is automatically transfer...