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StateBankofIndia

eTDR/eSTDR(MOD)FrequentlyAskedQuestions

1.WhatiseTDR/eSTDR(MultiOptionDeposit)?
TheMOD(MultiOptionDeposit)accountisacombinationofyourtransactional(debit)accountanddeposit
account.ThesearetheTimeDepositsbutatthetimeofneedforfunds,withdrawalscanbemadeinunitsof
Rs.1,000/fromthedepositsbyissuingachequefromSavingsBankAccountorfromATM/branchorthroughany
otherchannel.Thiskindofdepositsiscompletelyliquid.Thesumofavailablebalanceinthetransactionalaccount
andMODbalancecanbeusedforissuingchequesorwithdrawalormakinganyotherpayment.
2.WhatisthetenureforMODs?
Minimum1year,maximum5years.
3.Whataretheinterestratesforatermdeposit?
Theinterestratesvaryfromtimetotime.Youcanviewthelatestinterestratesbyclickingon"Viewcurrentinterest
rate"linkprovidedineTDR/eSTDR(MOD)requestpage.
4.Whatistheminimumamountforatermdeposit?
YoucanopenaMODaccountwithaminimumamountofRs.10,000withincrementsinmultipleofRs.1000.
Howeverminimumandmaximumamountlimitmayvaryfordifferentproductcodes.
5.CanIgenerateanMODaccountadvice?
Yes,youcangenerateandprintanMODaccountadvicecontainingalltherelevantdetails.
6.InwhosenamewilltheMODaccountbeopened?Whatwillbethemodeofoperation?
Thename(s)andmodeofoperationandbranchofnewlygeneratedMODa/cwillbesameasindebita/c,from
whichtheMODa/cisfunded.
7.Howisthematurityamountcalculated?CanImakeenquirybeforeopeningeTDR/eSTDR(MOD)?
Thematurityamountisbasedonthetenorandtypeofa/cselectedbyyou.Youmayenquirethematurityamount,
maturitydateandrateofinterest,withoutopeningeTDR/eSTDR(MOD)through"Enquiry"tabavailableine
TDR/eSTDR(MOD)page.
8.WhatarethetypesofaccountsfromwhichIcandebitanamountforthedeposit?
YoucandebitasavingsaccounttoopenMODs.Theaccountselectedfordebitingshouldbeavalidtransactional
a/cthroughInternetBankingchannelandshouldnotbeastopped/dormant/lockedaccount.
9.HowcanIprematurelyclosemyMODa/c?
ForprematureclosureofMODa/cyoumayuse'closea/c'tabundereTDR/eSTDR(MOD)linkwhichwillclose
yourMODaccountinstantlyifrequestisinitiatedbetween08:00AMISTand08:00PMIST.Requestinitiated
beyondthisperiodwillbescheduledfornextopeninghoursi.e.08:00AMIST.Thematurityproceedswill
automaticallybetransferredtoyourdebita/cfromwhichMODaccountwasoriginallyfundedatthetimeof
opening.
10.CanIcloseMODaccountsopenedatthebranchthroughInternetBanking?
No.
11.CanIopenonlinetermdeposita/cinanyothername(s),notbelongingtodebita/cfromwhichterm
deposita/cisfunded?
No.
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12.CanItransferthematuritymoneytoanyofmyaccounts?
No,maturityamountortheamountpayablebeforematurity,willbetransferredonlytothedebitaccountfrom
whichitwasfunded.
13.CanseniorcitizenavailadditionalrateofinterestonMODaccounts?
Yes,seniorcitizenscanavailadditionalrateofinterestineTDR/eSTDR(MOD).ThedateofbirthinBank'srecord
willbeconsideredforagecalculation.Theminimumdaysandminimumamountapplicableforadditionalrateof
interestforseniorcitizenswillbeasperBank'sdiscretion.Incaseofjointaccounts,theseniorcitizenbenefitcan
beavailedonlyifthefirstaccountholderqualifiesforthisbenefit.
14.IsthetermdepositadvicegeneratedthroughSBIonlinebankingsystemequallyvalidasthatprinted
throughthebranch?
Theadviceisequallyvalidasprovidedbybranch.InternetBankingcustomersareadvisedtotakeprintoutofterm
depositadviceaftergenerationofdeposita/c.However,ifpresentedatthebranchforpayment,branchwillverify
allthedetailsshownintheadvicebeforeproceedingfurther.
15.HowcanIaddnomineesinMODa/c?
WhileopeninganeTDR/eSTDR(MOD),youwillbeprovidedwithanoptiontoretainthesamenominee(s)for
MODa/casappearinginyourdebita/cfromwhichtheMODisfunded.
16.CanIaddanewnomineeonline?
No,youwillhavetovisityourbranchforaddinganewnominee.
17.IsthereanycutofftimeforcreatingeTDR/eSTDR(MOD)online?
Yes.eTDR/eSTDR(MOD)canbecreatedonlinefrom8:00AMISTto8:00PMIST.Requestsinitiatedbeyond
thisperiodwillbescheduledforthenextopeninghours.

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