Question

modaccount Help me that is not working!​

Answer 1

Answer:

SBI Multi Option Fixed Deposit Scheme (MODS) involves term or fixed deposits linked to the savings or current account of an individual. Unlike normal term deposits, which are fully liquidated anytime you need funds, you can withdraw from an MODS account in multiples of ₹ 1,000 according to your fund need

Explanation:

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Answer 2

Explanation:

The MOD (Multi Option Deposit) account is a combination of your transactional (debit) account and deposit account. These are the Time Deposits but at the time of need for funds, withdrawals can be made in units of Rs.1,000/- from the deposits by issuing a cheque from Savings Bank Account or from ATM / branch or through any other channel. This kind of deposits is completely liquid. The sum of available balance in the transactional account and MOD balance can be used for issuing cheques or withdrawal or making any other payment.