https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723529
Bank of Baroda Auto Sweep
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Anyone enabled Auto Sweep facility in his Bank of Baroda Saving Account?
• How to activate it?
• I need it just for IPO Application,so how does bank treated lien amount during ipo fund block?
• Please mention disadvantages also.
• How to activate it?
• I need it just for IPO Application,so how does bank treated lien amount during ipo fund block?
• Please mention disadvantages also.
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https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723567
Paris_AI wrote:
@rogerthat @bikidas2060 @Mayavi @BornGenius2.0 @rajrocks @androgame @tappukepapa
Not having auto sweep enabled in any of my bank accounts.Tagging some helpful dimers
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723642
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tappukepapa wrote:Never kept enough balance for autosweepNot having auto sweep enabled in any of my bank accounts.Tagging some helpful dimers
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723693
I need it just for IPO Application,so how does bank treated lien amount during IPO fund block?
as a part of bank savings deposit. 🙂🙂🙂 It won't be able to deduct the amount for sweeping purpose though.
Maybe talk to bank officials regarding this. 🙂
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8735710
bikidas2060 wrote:You are rightI need it just for IPO Application,so how does bank treated lien amount during IPO fund block?
as a part of bank savings deposit. 🙂🙂🙂 It won't be able to deduct the amount for sweeping purpose though.
Maybe talk to bank officials regarding this. 🙂
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8735721
Why to setup auto debit? Auto setup is for recurring monthly deductions wrt expenses or SIP or any other repetitive expense.
For IPO, just apply using upi from your broker's end. And Block the amount on any of the upi app.
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8741750
BubbleBoyChickenLittle wrote:I asking about Auto Sweep not Auto debit
Why to setup auto debit? Auto setup is for recurring monthly deductions wrt expenses or SIP or any other repetitive expense. For IPO, just apply using upi from your broker's end. And Block the amount on any of the upi app.
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8741769
https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8966572
Delete it
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