SBI: Today we are telling you about a special scheme of SBI, in which you can earn profit sitting at home, while you can withdraw money from the scheme whenever you want.
SBI: Fixed deposits are considered the safest option for investment. Fixed deposits are not affected by market fluctuations. Today we are telling you about a special scheme of SBI, in which you can earn profit from home by investing, while you can withdraw money from the scheme whenever you want.
SBI’s Multi Option Deposit Scheme
State Bank of India (SBI) runs an FD scheme called a Multi Option Deposit (MOD) scheme. Investing in this scheme is very easy. In this scheme you can deposit money in multiples of Rs 1,000 and you can withdraw money from this scheme only in multiples of Rs 1,000.
Minimum investment of Rs10,000
This scheme gets the same interest as the other FDs of SBI. In the Multi Option Deposit (MOD) scheme, you can open an FD account with a minimum investment of Rs 10,000. After opening an account, you can deposit money in this scheme in multiples of Rs 1,000 and there is no maximum investment limit in this scheme.
You can withdraw money from ATM (You can withdraw money from ATM)
With the Multi Option Deposit (MOD) scheme, you can withdraw money from the ATM, as this scheme is linked to your current or savings account. When you withdraw some money from this scheme, you will be given the benefit of interest on what is left in the account. If you need some money in this scheme, then you will not have to get FD and you can also withdraw some money if needed.
If you want to break this FD, then you do not need to go to the bank for this. You can break this FD right from your home and withdraw money from ATM.
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