Personal Finance SBI multi option deposit scheme: Eligibility, interest rate, investment limits, other details Updated : August 29, 2020 01:37 PM IST State Bank of India or SBI offers the option of opening Multi Option Deposit Scheme (MODS) – a type of fixed deposit (FD) linked to the savings or current account. Unlike normal FDs which are fully liquidated anytime an investor needs funds; one can withdraw from a MODS account in multiples of 1,000 as per the fund need. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.