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SBI Savings Plus Account

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.

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Monthly Average Balance: NIL

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Minimum threshold limit for transfer to MOD - Rs. 35000

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1-5 Years of Period of deposit

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  • Period of deposit is 1-5 Years

  • ATM card

  • Loan against MOD deposits available

  • Minimum threshold limit for transfer to MOD - Rs. 35000

  • Minimum amount of transfer to MOD Rs. 10,000/- in multiples of Rs 1,000/- at one instance.

  • 25 free cheque leaves per annum. Further cheques will be issued with charges based on Quarterly Average balance maintained by the customer.

  • A Pass Book is issued to record the transactions. Duplicate pass book can be issued if original is lost, on payment of charges. Statement of accounts can also be sent through e-mail.

  • Monthly Average Balance: NIL

The verdict

    SBI being the most trusted bank in all over India offers you a Savings Plus Account with multiple saving benefits as it is linked to MODS & SBI is most trusted bank in all over India but the returns does not beat inflation.

Rating

average rating is 3.5 out of 5

How to get

Visit nearby SBI branch and open your Savings Plus Account

Compare a range of digital bank accounts in India 

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