Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Deposit formTerm Deposit Receipt or Special Term Deposit ReceiptView source
identifies MODS as a term-deposit variant rather than a separate savings account.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Type of Account
- Accessed
- 12 Aug 2026
- Confidence
- high
Opening modesAutomatic sweep of surplus funds from an eligible savings account or standalone creation when requiredView source
A standalone can be created irrespective of the auto-sweep threshold and post-sweep balance rules.
- Source
- Multi Option Deposit Scheme
- Page / section
- Introduction and Features table — Purpose
- Accessed
- 12 Aug 2026
- Confidence
- high
Eligible holdersAny individual singly or jointly; a minor personally or through a guardianView source
No non-individual eligibility is published on the reviewed page.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Who can Open the A/C
- Accessed
- 12 Aug 2026
- Confidence
- high
Accounts eligible for auto sweepSavings Plus, Salary Package, Wealth customers and minorsView source
This row establishes that MODS is not limited to the separately published Savings Plus account.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Auto Sweep facility
- Accessed
- 12 Aug 2026
- Confidence
- high
Deposit period1 to 5 yearsView source
The maximum published MODS tenor is exactly five years.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Period of Deposit
- Accessed
- 12 Aug 2026
- Confidence
- high
Auto-sweep threshold₹50,000View source
Surplus above this threshold triggers MODS under the auto-sweep route.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Minimum threshold limit
- Accessed
- 12 Aug 2026
- Confidence
- high
Minimum post-sweep savings balance₹35,000View source
The standalone mode is not subject to this linked-account resultant-balance rule.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Minimum Resultant Balance
- Accessed
- 12 Aug 2026
- Confidence
- high
MOD amountMinimum ₹15,000, then in multiples of ₹5,000; no published maximumView source
The same minimum and increment apply to or units.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Minimum amount and Maximum amount
- Accessed
- 12 Aug 2026
- Confidence
- high
Reverse sweep and withdrawal order₹5,000 units and multiples; when a TDR falls to ₹15,000 the full balance reverses to savings; LIFO is default with a FIFO optionView source
Reverse sweep may break only the amount needed by the linked account until the ₹15,000 full-reversal condition is reached.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Reverse Sweep / Minimum withdrawal
- Accessed
- 12 Aug 2026
- Confidence
- high
Current public rates6.25% for 1 to under 2 years; 6.40% for 2 to under 3 years; 6.30% for 3 to under 5 years; 6.05% at 5 yearsEffective 15 Dec 2025View source
The product is a / and uses the applicable term-deposit card rate. The exact rate depends on tenor and booking date; the product page's stale promotional widget is excluded.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Public term-deposit rows overlapping the 1-to-5-year MODS tenor
- Accessed
- 12 Aug 2026
- Confidence
- high
Current senior-citizen rates6.75% for 1 to under 2 years; 6.90% for 2 to under 3 years; 6.80% for 3 to under 5 years; 7.05% at 5 yearsEffective 15 Dec 2025View source
Senior citizens receive the applicable additional rate. The 7.05% five-year row includes We-care and remains subject to the rate page's eligibility rules.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Senior Citizen term-deposit rows overlapping the 1-to-5-year MODS tenor
- Accessed
- 12 Aug 2026
- Confidence
- high
Super-senior premiumNo additional super-senior or SBI Patrons premium applies to MODSEffective 15 Dec 2025View source
The MODS page says super senior citizens are not eligible for an additional rate, and the controlling retail rate page expressly excludes MODS from Patrons. This does not remove the ordinary senior-citizen rate where otherwise eligible.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Patrons scheme exclusions
- Accessed
- 12 Aug 2026
- Confidence
- high
Interest treatmentQuarterly compounded by defaultView source
The page does not describe an optional monthly or half-yearly payout for MODS.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Interest application and premature payment
- Accessed
- 12 Aug 2026
- Confidence
- high
Breaking an MOD unitThe broken amount earns the rate applicable to the period actually run, less the extant premature penalty; unbroken principal continues at the original rateView source
The reviewed page does not publish a numeric penalty; it refers to extant penalty clause, so no percentage is inferred.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Interest application and Premature Penalty
- Accessed
- 12 Aug 2026
- Confidence
- high
Loan or overdraftAvailable; an MOD account under lien cannot have further units brokenView source
Availability remains subject to applicable lending terms and lien requirements.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Loan/Overdraft Facility
- Accessed
- 12 Aug 2026
- Confidence
- high
NominationNomination from the primary linked savings account is copied automatically to MOD accounts and may be changed account by accountView source
The automatic inheritance statement applies to the linked-account route.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Nomination facility
- Accessed
- 12 Aug 2026
- Confidence
- high
KYC conditionSBI's current KYC rules apply; auto sweep does not execute for a non-KYC-compliant accountView source
The page refers to the bank's extant guidelines and does not publish a dedicated document checklist.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — guidelines
- Accessed
- 12 Aug 2026
- Confidence
- high
Maturity destinationThe remaining maturity amount after partial withdrawals transfers automatically to the linked savings accountView source
This maturity instruction is published for the linked savings-account structure.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Maturity
- Accessed
- 12 Aug 2026
- Confidence
- high
Tax deduction at sourceTDS applies under Income Tax rulesView source
No fixed rate or threshold is inferred from the product page.
- Source
- Multi Option Deposit Scheme
- Page / section
- Features table — Tax deduction at source
- Accessed
- 12 Aug 2026
- Confidence
- high
Senior-citizen rateFor retail deposits below ₹3 crore, the senior-citizen rate is 3.55% for 7–45 days, 5.40% for 46–179 days, 6.15% for 180–210 days, 6.40% for 211 days to under 1 year, 6.75% for 1 to under 2 years, 6.90% for 2 to under 3 years, 6.80% for 3 to under 5 years, and 7.05% for 5 to 10 years. Rates are effective 15 December 2025; the 5–10-year rate includes the 50-basis-point SBI We-care premium.Effective 15 Dec 2025View source
The issuer publishes separate revised senior-citizen rows for each tenor and notes that We-care adds 50 bps to the 5–10-year rate.
- Source
- Retail Domestic Term Deposits - Interest Rates
- Page / section
- Revision in Interest Rates on Retail Domestic Term Deposits (Below ₹3 crore)
- Accessed
- 28 Aug 2026
- Confidence
- high
Interest payout and maturitySBI MODS pays interest quarterly by default and compounds it. At maturity, any remaining maturity amount is transferred automatically to the linked Savings Bank account; partial or full reverse-sweep withdrawals can occur when the linked account needs funds.Effective 1 Dec 2025View source
MODS features table states that interest is paid quarterly and compounded by default, and that the maturity amount is transferred to the linked Savings Bank account.
- Source
- Multi Option Deposit Scheme — official product page
- Page / section
- Features table — Interest application and premature payment; Maturity
- Accessed
- 29 Aug 2026
- Confidence
- high
Minimum depositA TDR or STDR that can be opened standalone or created automatically from surplus savings-account funds, with partial reverse-sweep access when the linked account needs money.View source
The manually reviewed product record states: “A or that can be opened standalone or created automatically from surplus savings-account funds, with partial reverse-sweep access when the linked account needs money.”.
- Source
- Multi Option Deposit Scheme — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Benefits and features
- Standalone or automatic savings-account sweep modes
- Term-deposit returns while retaining partial reverse-sweep access
- Configurable FIFO or unit-breaking order
- Remaining unbroken principal keeps its original rate
- Loan or overdraft facility against eligible MODS
Eligibility
- Individuals and minors are listed as eligible; the page does not list non-individual customers.
- Auto sweep is published for Savings Plus, Salary Package, Wealth customers and minors, while standalone MODS is available independently of sweep thresholds.
- The linked account must remain -compliant for auto sweep to execute.
- Rates depend on tenor, customer category and booking date; MODS is excluded from the separate Patrons super-senior premium.
- The product page refers to the current penalty clause without a numeric premature-withdrawal percentage.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- and deposit-opening documents applicable under current rules; the MODS page does not publish a dedicated checklist
Related official documents
SBI Retail Domestic Term Deposit Ratesofficial-rate-table · current · accessed 12 Aug 2026
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