SBI Saving Plus account Minute Details (MOD facility)

POSTED BY dev.kummoo ON December 18, 2013 9:41 am ONE COMMENT

SBI Saving plus Scheme: Minute Details

Please clarify

1. SBI saving plus account, if we breat a MOD before maturity(say 1 year term), do sbi bank charge panalty?

2. My Threshhold Limit is 5000, I have total 10000 in my account. So will i get FD ROI on 5000 rupees which is more than threshold limit? or I will start getting FD rate on amount which i deposit above 10000, say 2000 rupee.
So will i get 8% (assume FD rate ) on 2000 rupee and 4% on 10000 rupee which is minimum required.

3. say i have some 50k in my account and term selected for my MOD is 1 year 1 day. and interest rate for 1 year and above is 9%( assume). But i withdraw that 40k from my account after 9th months.
Will i get ROI on 40k as 4% which is normal interest or i will get 6month FD ROI 6%(assume it is FD rate for 6 month deposit).

4. Through Online where can see that my balance has been converted to MOD.

Regards
Dev

One reply on this article “SBI Saving Plus account Minute Details (MOD facility)”

  1. ashalanshu says:

    Dear Dev, please read the FAQs from sbi site, most of the info is is available.

    thanks

    Ashal

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