Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit formTerm Deposit Receipt or Special Term Deposit Receipt
Source 1Opening modesAutomatic sweep of surplus funds from an eligible savings account or standalone creation when required
Source 2Eligible holdersAny individual singly or jointly; a minor personally or through a guardian
Source 3Accounts eligible for auto sweepSavings Plus, Salary Package, Wealth customers and minors
Source 4Deposit period1 to 5 years
Source 5Auto-sweep threshold₹50,000
Source 6Minimum post-sweep savings balance₹35,000
Source 7MOD amountMinimum ₹15,000, then in multiples of ₹5,000; no published maximum
Source 8Reverse 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 option
Source 9Current 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 2025
Source 10Current 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 2025
Source 11Super-senior premiumNo additional super-senior or SBI Patrons premium applies to MODSEffective 15 Dec 2025
Source 12Interest treatmentQuarterly compounded by default
Source 13Breaking 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 rate
Source 14Loan or overdraftAvailable; an MOD account under lien cannot have further units broken
Source 15NominationNomination from the primary linked savings account is copied automatically to MOD accounts and may be changed account by account
Source 16KYC conditionSBI's current KYC rules apply; auto sweep does not execute for a non-KYC-compliant account
Source 17Maturity destinationThe remaining maturity amount after partial withdrawals transfers automatically to the linked savings account
Source 18Tax deduction at sourceTDS applies under Income Tax rules
Source 19Benefits and features
- Standalone or automatic savings-account sweep modes
- Term-deposit returns while retaining partial reverse-sweep access
- Configurable FIFO or LIFO 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 KYC-compliant for auto sweep to execute.
- Rates depend on tenor, customer category and booking date; MODS is excluded from the separate SBI 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
- KYC and deposit-opening documents applicable under SBI's current rules; the MODS page does not publish a dedicated checklist