5 thoughts on “Little Knowledge & Idle Money Are Harmful”

  1. Its a good article. Although there are various tools available but it is use very rarely. Hope this article gives that insight and all understands how important it is to not have lying idle money in you savings account…..it would also be good if you can share how banks uses this idle money of public to generate returns. It will do the job that it intends to do…

  2. This article truly helps each one of us and direct us in the right manner to grow money rather I would say you are saving in no time and without much effort.
    Good work done by team Fintuned and thanks for updating us with such good articles and examples.
    Keep up the good work!!!!

    1. Thank you for the extremely kind words, Yamini. It is our steadfast endeavor to provide best-in-class content to the readers.

      Kindly revert to us if you need assistance with any query. In the meanwhile, we suggest that you follow us on Twitter (via the widget on our blog) to get regular updates.

      Thank you,
      Fintuned

  3. Auto sweep option no doubts seems a very plausible way to utilise idle money…
    But to highlight reality “bank in which i have my salary a/c which is axis bank demands a minimum of 25,000 to activate auto sweep facilities which is quite high even for a salaried person “

    1. Hello Tom,

      Thank you so much for your reply!

      To be quite honest, it cannot be denied that the average monthly balance and initial deposit amounts are high across most of the banks, with respect to their Auto sweep accounts. The purpose of this article was to simply illustrate the benefits of an auto sweep accounts. However, we are always committed to helping out with queries. As such, it will be prudent for you to check this article (http://wealth18.com/how-to-use-sweep-in-facility-in-hdfc-bank-via-netbanking/) and try to implement the directions therein.

      In case that is not helpful, we will definitely figure out a solution to your query.

      Thanks

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