MOD - Personal Banking
SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account (individual). 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.
Deposits Landing Page
Motor Accident Claims Annuity (Term) Deposit Account (MACAD)
- Terms and Conditions