Bank of Baroda Auto Sweep

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Last Comment 2022-12-12

2022-09-25

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.

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https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723529

Paris_AI

2022-09-25

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@rogerthat @bikidas2060 @Mayavi @BornGenius2.0 @rajrocks @androgame @tappukepapa

https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723567

tappukepapa

2022-09-25

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Not having auto sweep enabled in any of my bank accounts.Tagging some helpful dimers

@decideaim @abhishek012 @sauravDD

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https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8723693

bikidas2060

2022-09-25

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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

rogerthat

2022-09-29

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You are right

https://www.desidime.com/discussions/bank-of-baroda-auto-sweep?page=1#post_8735721

BubbleBoyChickenLittle

2022-09-29

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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.