mod balance available
mod bal
yes, as per daily limit of ATM withdrawal
Some ATM's will let you withdraw money even when you are overdrawn. however if you go to a teller then you will not be able to withdraw any money.
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
what is the mod balance in account what is the definition of mod balance
mod bal
yes, as per daily limit of ATM withdrawal
Some ATM's will let you withdraw money even when you are overdrawn. however if you go to a teller then you will not be able to withdraw any money.
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
what is the mod balance in account what is the definition of mod balance
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
Multi Option Deposit Scheme has been a popular choice for account holders in State Bank of India. It enables people to earn a higher rate of interest on his or her deposit. When needed, one can withdraw from their deposit account in units of Rs.1000/- by means of a cheque
mod bal means money on deposit,available bal means current balance in ur account
Many accounts have an overdraft, meaning you can withdraw more than you have, but which means your balance goes into the negative though, ie, you're now borrowing money from the bank. If you have overdraft on your account, you can withdraw up to the amount of overdraft protection you have. If you do not have overdraft protection, you can withdraw only up to the actual amount you have in your account.
MOD stands for money on deposit. When this appears on the ATM slip, it can include money in a variety of different accounts, including checking, savings, money market, etc. It is the sum of all monies in accounts set in your name.
You're being asked what percentage you would have left after withdrawing 30 from 250. Your answer lies in a subtraction and division problem. If you withdraw from your bank, you're subtracting from your available balance. If you withdraw $30 from $250, your available balance would be $220.Lastly, the division problem is your new balance divided by your starting balance. $220 ÷ $250 or 88%. You have 88% of your original starting money left.
It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.