Moneymaximizer is a sweep in sweep out facility provided by HDFC bank to their savings account holder to obtain high-interest rate on savings account.
MoneyMaximizer (sweep-out) facility puts surplus funds into high earning fixed deposit at the threshold of Rs. 1,25,000. If the balance in SavingsMax Account exceeds/reaches Rs. 1,25,000, the amount in excess of Rs. 1,00,000 will be put in a fixed deposit at a minimum value of Rs. 25,000 for a one year and one-day period.
Get details on eligibility criteria & documents required for HDFC SavingsMax Account
The following are eligible to open a SavingsMax Account:
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