Compare Federal Bank Sweep Plus Current Account and AU Basic Current Account using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
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.
Small businesses and proprietors seeking a lower-balance AU current account with digital collections, QR/POS support and a business debit card.
littleden.blog · Comparison research sheet
Prepared 13 Sep 2026 · Source page: https://littleden.blog/compare-banking/federal-bank-sweep-plus-current-account-vs-au-basic-current-account/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Federal Bank Sweep Plus Current Account | AU Basic Current Account |
|---|---|---|
| Balance / account cost | ₹1,00,000 Average Monthly Balance; reviewed product page states no account-maintenance charges while applicable service terms continue. | AU's current-account overview lists the Basic variant from ₹10,000 product AMB; specific non-maintenance and service charges follow the current fee schedule. |
| Required balance | ₹1 lakh MAB; funds above ₹3 lakh are automatically swept into a 181-day term deposit in ₹25,000 multiples. | ₹10,000 Average Monthly Balance for the Basic Current Account under the reviewed AU current-account overview. |
| Business banking benefits | Auto-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. | Unlimited digital-transaction positioning, AU UPI QR/Soundbox and POS options, AU 0101 Business App access, lending links and AU Business Gold Debit Card. |
| Cash / transaction allowances | Sweep triggers above ₹3 lakh and creates 181-day deposits in ₹25,000 multiples; other cash/service limits follow the current Federal Bank schedule. | Cash-deposit and other transaction allowances follow the Basic package and current service-fee schedule; higher AU current-account tiers provide larger allowances. |
| Eligible business entities | Individuals, sole proprietorships, firms, joint stock companies and other eligible business entities; online onboarding is limited to individuals/sole proprietors under reviewed terms. | Eligible resident individuals/professionals and business enterprises under AU's current-account entity and KYC requirements. |
| Ongoing account condition | The current account and linked term deposits work together, so liquidity and realised FD interest depend on sweep/reversal behaviour. | The Basic account is the entry tier within AU's broader business-current-account range; moving to higher tiers changes balance and transaction economics. |
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
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Reviewed September 9, 2026 · 2 attached first-party sources
Reviewed September 9, 2026 · 2 attached first-party sources