SAVINGS PLUS ACCOUNT :

Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fund above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits opened in multiples of Rs. 1000.

  • Any surplus funds retaining a minimum of Rs. 25000/ in Savings Bank(to be set up by the customer) will be transferred as Term Deposit with a minimum of Rs. 10000/- and in multiple of Rs. 1000/- at one instance

  • Account holder has the flexibility to choose the period of deposit from 1 year to 5 years.

  • Payments in excess of available balance in the Savings bank Account can be made by breaking MODs Last In First Out.

  • All other features of Normal Savings Bank Account are applicable.

  • Nomination facility available.

Most Important Terms & Conditions
  • Savings Bank linked to Multi Option Deposit (MOD) account, for auto sweep, for issue of Term Deposits and unitised break-up facilities.

  • Any surplus funds retaining a minimum of Rs. 25000/ in Savings Bank(to be set up by the customer)will be transferred as Term Deposit with a minimum of Rs. 10000/- and in multiple of Rs. 1000/- at one instance.