SBI Multi Option Deposit Scheme: Here’s All You Need To Know About

The SBI Multi Option Deposit Scheme (MODS) is a form of term deposit that is linked to a savings or current account of an individual. Opposed to traditional fixed deposits (FDs), which must be completely liquidated whenever funds are necessary, MODS accounts allow you to withdraw funds in multiples of Rs 1,000 as required. The term deposit rates that were in effect at the time of the initial deposit will continue to apply to the deposit of your MODS account. The ten most important things to note about SBI’s Multi Option Deposit Scheme are mentioned below.