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Federal BankCurrent account

Federal Bank Sweep Plus Current Account

A Federal Bank current account that automatically sweeps balances above a threshold into 181-day term deposits while retaining business-payment and digital-banking facilities.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Required balance₹1 lakh MAB; funds above ₹3 lakh are automatically swept into a 181-day term deposit in ₹25,000 multiples.
Balance / account cost₹1,00,000 Average Monthly Balance; reviewed product page states no account-maintenance charges while applicable service terms continue.
Cash / transaction allowancesSweep triggers above ₹3 lakh and creates 181-day deposits in ₹25,000 multiples; other cash/service limits follow the current Federal Bank schedule.
Ongoing account conditionThe current account and linked term deposits work together, so liquidity and realised FD interest depend on sweep/reversal behaviour.
Research processPublished by littleden.blog

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 9, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: January 7, 2027.

Critical decision facts

Start with the ongoing account relationship, then price the access layer.

Balance or salary conditions, charges, allowances and downgrade rules can matter more than a promotional benefit.

01 · Required balance₹1 lakh MAB; funds above ₹3 lakh are automatically swept into a 181-day term deposit in ₹25,000 multiples.
02 · Balance / account cost₹1,00,000 Average Monthly Balance; reviewed product page states no account-maintenance charges while applicable service terms continue.
03 · Cash / transaction allowancesSweep triggers above ₹3 lakh and creates 181-day deposits in ₹25,000 multiples; other cash/service limits follow the current Federal Bank schedule.
04 · Ongoing account conditionThe current account and linked term deposits work together, so liquidity and realised FD interest depend on sweep/reversal behaviour.
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Balance / account cost₹1,00,000 Average Monthly Balance; reviewed product page states no account-maintenance charges while applicable service terms continue.
Required balance₹1 lakh MAB; funds above ₹3 lakh are automatically swept into a 181-day term deposit in ₹25,000 multiples.
Business banking benefitsAuto-sweep into term deposits, 50 free cheque leaves per month, Celesta Business Debit Card, free digital banking and free DD/IMPS/NEFT/RTGS/anywhere banking under current product terms.
Cash / transaction allowancesSweep triggers above ₹3 lakh and creates 181-day deposits in ₹25,000 multiples; other cash/service limits follow the current Federal Bank schedule.
Eligible business entitiesIndividuals, sole proprietorships, firms, joint stock companies and other eligible business entities; online onboarding is limited to individuals/sole proprietors under reviewed terms.
Ongoing account conditionThe current account and linked term deposits work together, so liquidity and realised FD interest depend on sweep/reversal behaviour.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Businesses able to maintain ₹1 lakh MAB that regularly hold surplus operating cash above ₹3 lakh and want automatic term-deposit sweeps without manually booking FDs.

Verify before relying
  • The ₹1 lakh MAB is materially higher than entry-level current accounts.
  • Frequent reverse sweeps can affect realised deposit returns.
  • The auto-sweep FD rate follows the bank's prevailing deposit rate rather than a permanently fixed advertised figure.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.federal.bank.in
Open source ↗02
Additional first-party evidencewww.federal.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.