skfor.blogg.se - What is a mod

What are the types of accounts from which I can debit an amount for the deposit ?.

You may enquire the maturity amount, maturity date and rate of interest, without opening e-TDR/e-STDR(MOD) through "Enquiry" tab available in e-TDR/e-STDR(MOD) page. The maturity amount is based on the tenor and type of a/c selected by you.

How is the maturity amount calculated? Can I make enquiry before opening e-TDR/e-STDR (MOD) ?.

The name(s) and mode of operation and branch of newly generated MOD a/c will be same as in debit a/c, from which the MOD a/c is funded.

In whose name will the MOD account be opened? What will be the mode of operation ?.

Yes, you can generate and print an MOD account advice containing all the relevant details. However minimum and maximum amount limit may vary for different product codes. You can open a MOD account with a minimum amount of Rs.10,000 with increments in multiple of Rs.

What is the minimum amount for a term deposit ?.

You can view the latest interest rates by clicking on "View current interest rate" link provided in e-TDR/e-STDR (MOD) request page. The interest rates vary from time to time.

What are the interest rates for a term deposit ?.

The sum of available balance in the transactional account and MOD balance can be used for issuing cheques or withdrawal or making any other payment. This kind of deposits is completely liquid.

These are the Time Deposits but at the time of need for funds, withdrawals can be made in units of Rs.1,000/- from the deposits by issuing a cheque from Savings Bank Account or from ATM / branch or through any other channel. The MOD (Multi Option Deposit) account is a combination of your transactional (debit) account and deposit account.

What is e-TDR/e-STDR (Multi Option Deposit) ?.

E-TDR/e-STDR (MOD) Frequently Asked Questions