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What is resultant balance?

Author

Jessica Burns

Published Mar 08, 2026

What is resultant balance?

Threshold limit/resultant balance - This is the minimum amount to be maintained in the cash/savings account. Amount above this value will be automatically transferred to a fixed/term deposit account.

Hereof, what is resultant balance in SBI?

Under the autosweep facility, when your savings account balance exceeds a certain limit, the excess money is put into an FD. The threshold can be anywhere between ₹25,000 and ₹1 lakh. The FD would have a minimum maturity period as decided by the bank. It works in the reverse too.

Similarly, how can I check my SBI sweep balance? Open the SBI internet banking website on your phone/computer –

  1. Log in with your User ID and password.
  2. Click on the Account Summary option.
  3. On the new screen, under Deposits section, you can view all your MOD accounts.
  4. Click on “Click here for balance” option to check mod balance in sbi.

Beside this, what is the meaning of mod balance?

Multi Option Deposit

What is auto sweep in SBI account?

In the SBI savings plus account, any excess amount in the savings bank is automatically transferred to the fixed deposit (FD) in the multiples of ₹ 1,000.

Which is better FD or mod?

Unlike normal term deposits, which are fully liquidated anytime you need funds, you can withdraw from an MODS account in multiples of ₹ 1,000 according to your fund need. The balance amount in your MODS account will continue to earn the term or fixed deposit interest rates applicable at the time of initial deposit.

How can I get mod balance in SBI?

If you have SBI net banking facility then you can directly open your MOD account online by log in to Internet Banking. After login, click and open Fixed Deposit section. Here you can see e-TDR/e-STDR (FD), click on it. Next page, select e-TDR/e-STDR (MOD) Multi Option Deposit and proceed.

How does SBI Mod account work?

SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account (individual). The balance amount in your MODS account will continue to earn the Term Deposit rates applicable at time of initial deposit. You can create a MODS Account through OnlineSBI or by visiting your nearest branch.

What is Mod deposit in SBI?

According to sbi.co.in, multi option deposit scheme (MODS) are term or fixed deposits linked to the savings or current account of an individual. Unlike normal term deposits which are fully liquidated anytime you need funds, you can withdraw from an MODS account in multiples of 1,000 according to your need of funds.

What is threshold limit in SBI?

Amount: Any surplus amount above Rs 25,000 in savings account is transferred to term deposit account with a minimum of ₹ 10,000 and in multiple of ₹ 1,000 at one instance, noted SBI. This means that the minimum threshold limit for transfer to MOD account is Rs 35,000.

How do I transfer money from MOD balance?

After login, click and open Fixed Deposit section. In Fixed Deposit, click on Partial Closure of MOD Accounts option. Next page, enter the amount which you want to transfer back to your account and click on submit. Finally, confirm your request by clicking on confirm.

What is SBI Plus account?

According to SBI, a savings bank account linked to multi option deposit (MOD) account is called 'Savings Plus Account', wherein surplus fund above a threshold limit from the savings bank account is transferred automatically to term deposits opened in multiples of ₹ 1,000.

What is a swipe account?

Swipe Account

With this transactional account, you can withdraw cash from an ATM or till, swipe for in-store purchases, and shop online.

What is mod full form?

Abbreviation for mesiodistocclusal; Medical Officer of the Day.

What is MOD document?

The term MOD means Memorandum of deposit of title deed or popularly also known as Mortgage deed of your property. This deed is usually executed when the bank releases money to the vendor from the loan account of its customer in installments or at the time of registration of the property.

What is TDR in banking?

The Bank issues receipt (Term Deposit Receipt - TDR) for amounts kept in each fixed deposit account. The TDR can be kept in safe custody of the bank free of charge and a safe custody receipt will be issued. Premature closure of Term Deposit is normally allowed.

What is the interest rate for mod balance in SBI?

SBI MOD Interest Rates
TenureRate of InterestSenior Citizen Rates
180 days to 210 days4.40%4.90%
211 days to 364 days4.40%4.90%
1 year to 1 year 364 days4.90%5.40%
2 years to 2 years 364 days5.10%5.60%

How do I check my mod balance via SMS?

Information that you can receive instantly using Simply SMS, include: Balance enquiry. Available credit and cash limit.

Get your account information.

Kind of information neededSend an SMS to 5676791
Balance enquiryBAL XXXX
Available credit and cash limitAVAIL XXXX

How can I check my ATM Mod balance?

Download SBI Anywhere personal app or YONO app and register using the mobile number and check the MOD balance. You can also check the MOD balance at the ATM. You can get MOD balance details from your updated passbook.

What are mod charges?

Memorandum of deposit of title deed (MOD) charges

This charge is associated with mortgaging of the property and is one of the most significant additional costs involved when taking a Home Loan. Banks typically charge between 0.1 and 0.5% of the loan amount as an MOD fee.

Which is better TDR or STDR?

TDR is term deposit, while STDR is Special Term Deposit. In an STDR deposit the interest is paid only at the time of maturity but in a a TDR deposit, the interest is paid at selected regular intervals.

How can I transfer money from SBI account to savings account?

Step 1: Log in to the OnlineSBI portal. Step 2: Click on 'Other Bank Transfer' under 'Payments/Transfer' tab if you wish to transfer money to another bank's account. Step 3: If you wish to transfer to an account within the same bank, click 'Accounts of Others – Within SBI'.

How can I check my SBI balance by SMS?

Customers can call on '9223766666' or send SMS 'BAL' for balance inquiry. Call can be made to '9223866666' or send SMS 'MSTMT' to get the mini statement. Instant reply will be sent through SMS.

How can I get auto sweep facility in SBI?

Activating auto sweep facility in SBI using Yono mobile application
  1. Open the mobile application.
  2. Click on e-fixed deposit option.
  3. Click on Multi Option Deposit.
  4. Select the account which you want to activate the auto sweep facility on.
  5. Click on OK or submit.
  6. Now you need to enter your transaction password and/or OTP.

How can I close my SBI sweep account?

Follow the steps below:
  1. Login your SBI netbanking.
  2. Find the “Fixed Deposit” on the upper row bar.
  3. Click on “e-TDR / e-STDR (FD)”
  4. Click on the circle of “e-TDR / e-STDR (MOD) Multi Option Deposit and Proceed.
  5. Click on the tab of “Close A/c Prematurely”
  6. Select your MOD account and Proceed.

What is the benefit of sweep account?

A sweep account automatically transfers cash funds into a safe but higher interest-earning investment option at the close of each business day, e.g. into a money market fund. Sweep accounts try to minimize idle cash drag by capitalizing on the immediate availability of higher-interest accounts.

Are sweep accounts safe?

One benefit of bank sweep accounts is that they are insured by the Federal Deposit Insurance Corp., up to the usual limits. Money market mutual funds are not, although they are generally considered safe. They typically pay a bit less than “prime” money market funds that can invest in other securities as well.

Which bank is best for monthly interest?

Interest rates on Monthly Income FD Schemes
Top banks monthly income FD interest rates for senior citizens
BankInterest rateTenure range
Union Bank of India4.50%181 days to less than 1 year
Federal Bank5.25%271 days to less than 1 year
Kotak Mahindra Bank5.25%365 days to 389 days

Which bank gives best FD rates?

Fixed Deposit Interest Rates 2020
BanksFD Interest RatesTenure
PNB Housing Finance7.20% – 8.00%12 months to 120 months
ICICI Bank3.25% – 6.25%7 days to 10 years
Axis Bank3.50% – 6.75%7 days to 10 years
IDFC First Bank4.00% – 7.75%7 days to 10 years

How does auto sweep work?

With an auto-sweep account, your savings account is linked to a fixed-deposit account and a monetary limit is defined. Whenever the amount in the savings account crosses that defined limit, the excess money is transferred automatically into the fixed deposit.

What is FFD balance?

A Flexi-Fixed deposit is a special kind of deposit offered by Indian banks and in other countries as well. Under this feature, the excess balance of a stipulated amount is transferred to a fixed deposit (FD) account automatically for a default term of one year.

What is resultant amount in auto sweep?

1. Threshold limit/resultant balance - This is the minimum amount to be maintained in the cash/savings account. Amount above this value will be automatically transferred to a fixed/term deposit account. 2.

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