SBI New Savings Account: The benefit of this account will be given to those customers who keep more money in the account. They will now be able to take advantage of higher interest.
SBI New Savings Plus Account
In such a situation, SBI is now giving an opportunity to its customers to earn more interest, who maintain a high balance in the account. For such SBI customers, the bank has brought a new savings account, named SBI Savings Plus Account, which is linked to the Multi Option Deposit Scheme (MODS). In this, customers get more interest than a normal savings account.
This is special in the account
In this, the surplus money of the savings account is automatically transferred to the term deposit in multiples of Rs 1000. According to the information given on SBI’s official website sbi.co.in about this, this term deposit ranges from 1 year to 5 years. Loan can also be taken against E MOD deposit.
Works like Flexi FD
SBI Savings Plus Account works like a flexi fixed deposit, that is, when the money in the account exceeds a certain limit, it gets transferred to the fixed deposit, when it starts going below the minimum account balance, then the money is returned from FD Comes in the account, so that the minimum account balance can be maintained in the savings account.
Features of SBI Savings Plus Account
According to the information available on SBI’s website at sbi.co.in, customers get these features in SBI Savings Plus Account.
1. The tenure of the deposit is 1 to 5 years
2. ATM Card
3. Mobile Banking
4. Internet Banking.SMS Alerts
6. Loan facility against MOD deposit
7. Minimum limit for transfer to MOD is Rs 35,000
8. The minimum amount for transfer in MOD is Rs 10,000, which is a multiple of 1000.
9. 25 check leaves are available free in a year. After that the charge has to be paid.
10. Internet Banking Money Transactions
11. No limit on maximum balance
12. A passbook is available to record the transaction. If the original passbook is lost, then the facility of duplicate passbook also. Facility to send statement by e-mail
13. Monthly Average Balance Zero
