State Bank of India
Term Deposit / Auto Sweep
SBI Multi Option Deposit Scheme (MODS)
—Interest Rate
No limitBalance / Limit
₹15,000 and multiples of ₹5,000Initial Deposit
—Opening Mode
Bank / LenderState Bank of India
Product TypeTerm Deposit / Auto Sweep
Interest Rate—
Minimum BalanceNo limit
Tenure1–5 years
Account OpeningPremature penalty as per extant clause; TDS as applicable.
EligibilityIndividuals singly/jointly and minors through guardian; auto-sweep available for specified SBI customer segments.
Key Benefits
Auto-sweep surplus from linked savings account; reverse sweep; loan/OD facility; partial withdrawal.
Eligibility
Individuals singly/jointly and minors through guardian; auto-sweep available for specified SBI customer segments.
Fees & Charges
Premature penalty as per extant clause; TDS as applicable.
How to Apply
Through eligible SBI banking channels.
Frequently Asked Questions
What is the minimum MOD unit?
SBI states ₹15,000 and multiples of ₹5,000 thereafter.
What is the auto-sweep threshold?
SBI states ₹50,000 as the minimum threshold beyond which MODS will execute under Auto Sweep.
Source: Official bank website · Last verified 2026-08-31