How SBI Savings Plus Account Can Help You Earn Higher Interest

Customers can now link their State Bank of India (SBI) Savings bank account to multi-option deposit account and earn higher interest, mentioned the official Twitter handle of country's largest lender - @TheOfficialSBI. 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 Rs 1,000. Customers can add more to their savings with SBI's savings plus account, the tweet added.

Link your Savings Bank account to Multi Option Deposit account and earn higher interest on surplus money! Visit: https://t.co/Mw00HXZX1N
#StateBankOfIndia #StateBank #SBI #SBISavingsBankAccount #SavingsBankAccount #MultiOptionDeposit #AutoSweepFacility #ATMCard #DebitCard pic.twitter.com/ccufUDhTeA— State Bank of India (@TheOfficialSBI) April 10, 2018

All you need to know about SBI's Savings Plus Account:

Sr No.	Particulars	Rate of Interest
1	Saving Deposits Balance upto Rs. 1 crore.	3.50% p.a
2	Saving Deposits Balance above Rs. 1 crore.	4.00% p.a

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