SBI MODS

Multi Option Deposit Scheme
Multi Option Deposit Scheme
Multi Option Deposit Scheme

Multi Option Deposit Scheme (MODS) is one of the variants of Term Deposits.   MODS can be opened through Savings Bank Account under Auto Sweep facility or Stand-Alone basis.

The basic feature of this scheme is to facilitate customer to gain higher interest rate, out of the surplus funds above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits (MODS).  In case the amount falls short in Savings Bank Account for honouring debit mandate, partial/ full withdrawal (reverse sweep) from term deposits will be executed and credited back into Savings Bank Account.

The product features are as under:

Last Updated On : Thursday, 28-08-2025

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