Change in the reverse sweep method for linked FDs

	Dear Customer, This is with reference to your Money Multiplier/ Flexi Fixed Deposit which is linked to your operative account XX255. A reverse sweep is enabled when the funds in the operative account are less than the withdrawal instructions initiated through cheques, demand drafts, RTGS, NEFT etc. When a reverse sweep is applied, the most recent Fixed Deposit is utilised first to honour the withdrawal instructions and both the principal amount and interest accrued are used for the sweep. However, with effect from Jul 16, 2024, in case of a shortfall of funds in the operative account, the reverse sweep will be enabled only on the principal amount of the linked Fixed Deposit and the interest will not be considered.   To know more, call on For further assistance Chat with us ❘ Locate a branch ❘ WhatsApp us Access your account Internet Banking ❘ iMobile   Sincerely, Team ICICI Bank
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