Learn how to get more interest?
According to the official website of SBI, the Savings Plus account is linked to the Multi Option Deposit Scheme (MODS) in which the surplus money of the savings account is transferred to the term deposit in multiples of Rs 1000. The duration of the term period lasts from 1 to five years. For this, you have to maintain a minimum balance. In this, customers get more interest than the savings account.
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Know who can open this account?
Explain that SBI Saving Plus Account can be opened by any person with valid KYC document. This account can be opened single or jointly.
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Know, the benefits of SBI Savings Plus Account..
>> The duration in this is 1 to 5 years.
>> get ATM card.
>> Mobile Banking, Internet Banking facility is available.
>> SMS alert comes.
>> Loan is also available on MOD.
>> Money is transferred in multiples of Rs 1000 to Rs 10,000.
>> 25 page check book is available.