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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.
SBI multi option deposit scheme: Eligibility, interest rate, investment limits, other details

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