SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account (individual).

SBI Multi Option Deposit Scheme (MODS)

Unlike normal Term Deposits which are fully liquidated anytime you need funds; you can withdraw from a MODS account in multiples of 1000 as per your fund need.

The balance amount in your MODS account will continue to earn the Term Deposit rates applicable at time of initial deposit.

You can create a MODS Account through OnlineSBI or by visiting your nearest branch.

Minimum Term Deposit Amount for MOD Creation-
Rs. 10,000/- (in multiple of Rs. 1,000/- each thereafter

Maximum Term Deposit Amount for MOD Creation-
No Limit

Tenure:
Minimum tenor is 1 years and maximum is 5 years.

Premature withdrawal-
Allowed and for this, rules for TDR/STDR is applicable.

Tax Deducted at Source-
Applicable

Loan facility-
Available. Further breaking of units when lien is marked on a particular account is not allowed.

Nomination facility
Available

Most Important Terms & Conditions

Rs. 10,000/- (in multiple of Rs. 1,000/- each thereafter.

No Limit

As applicable to Term Deposits.

Minimum tenor is 1 years and maximum is 5 years.

Allowed and for this, rules for TDR/STDR is applicable.

Applicable

Available. Further breaking of units when lien is marked on a particular account is not allowed.

Available

Combination of SB account & TDR / STDR.
Deposits are completely liquid
Withdrawals in multiples of Rs. 1000/-.
Flexibility in Period of Term Deposit 1 Yr. to 5 Yrs.
Nomination facility available

Customer service: 1800 425 3800