MOD (Multi Option Deposit) is a term deposit scheme offered by the State Bank of India (SBI) that is linked to an individuals savings or current account. Unlike traditional term deposits, which require full liquidation to withdraw the accumulated sum, MODS allows for partial withdrawals while also earning interest on the balance at the designated rate. The balance amount in MODS continues to earn interest at the rate applicable at the time of initial deposit. The sum of available balance in the transactional account and MOD balance can be used for issuing cheques or withdrawal or making any other payment. The minimum amount of investment in the scheme is Rs. 10,000, and if further deposits are being made, they need to be multiplied by Rs. 1,000. The interest rates vary from time to time and can be viewed by clicking on the "View current interest rate" link provided in the e-TDR/e-STDR (MOD) request page. The SBI MOD account is available to both Indian residents and non-resident Indians on occasion. This deposit may be available to HUFs, companies, organizations, and a variety of other individuals.

The difference between MOD balance and available balance is that MOD balance refers to the surplus funds in the savings account that get transferred to a fixed deposit account, and the holder earns more interest rate in this case. Available balance, on the other hand, is the fund in the savings account of the account holder. However, the total amount in an account holders credit is the sum of both MOD and available balance.