Sbi Multi Option Deposit Schem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Updated Mar 12, 2021 | 07:45 IST
SBI multi-option deposit scheme (MODS) account ensures that you don t have to break your entire term deposit during an emergency.
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New Delhi: The SBI Multi Option Deposit Scheme (MODS) is a kind of term deposit that is linked either to a savings or current account of an individual. As compared to traditional fixed deposits (FDs), which must be completely liquidated whenever funds are necessary, you need not close MODS accounts in case of a financial emergency. This account allows you to withdraw funds in multiples of Rs 1,000 as required. here you continue to get the interest rate that was promised to you at the beginning of the deposit.  ....

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