State Bank of India
Savings Account
SBI Savings Plus Account
Savings account linked to Multi Option Deposit Scheme for automatic transfer of surplus funds to term deposits.
—Interest Rate
—Balance / Limit
—Initial Deposit
—Opening Mode
Bank / LenderState Bank of India
Product TypeSavings Account
Interest Rate—
Minimum Balance—
Tenure1–5 years
Account OpeningSBI page states threshold above ₹25,000 (customer determined), with minimum one-time transfer ₹10,000 and multiples of ₹1,000.
EligibilityAs per SBI Savings Plus account rules.
Key Benefits
Auto-sweep to MODS; surplus above threshold transferred to term deposit in ₹1,000 multiples.
Eligibility
As per SBI Savings Plus account rules.
Fees & Charges
SBI page states threshold above ₹25,000 (customer determined), with minimum one-time transfer ₹10,000 and multiples of ₹1,000.
How to Apply
SBI banking channels.
Frequently Asked Questions
What is the deposit tenure for Savings Plus linked term deposits?
SBI states a 1 to 5 year deposit period.
How does the auto-sweep work?
SBI states surplus above the specified savings threshold is automatically transferred to fixed deposits in multiples of ₹1,000.
Source: Official bank website · Last verified 2026-08-31