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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.
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Can i withdraw MOD Balance money?
mod balance available
Difference between mod balance and available balance?
MOD stands for Multi Option Deposit. - In MOD, the surplus funds lying in the SB account isautomaticallytransferred to a FD a/c (so that the a/c holder earns more rate of interest). Available balance is the fund lying in the a/c holders SB a/c. The total amount in the credit of an a/c holder is the sum of both MOD and available balance. ( ie amount in credit of a/c holder = MOD balance + Available balance)
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
What types of no fee balance transfer credit cards are available?
There are a few types of no fee balance transfer credit cards that are available. These are normally introductory rates. This includes the Capital One card.
Can you withdraw MOD balance?
mod bal
Can i withdraw MOD Balance money?
mod balance available
Difference between mod balance and available balance?
MOD stands for Multi Option Deposit. - In MOD, the surplus funds lying in the SB account isautomaticallytransferred to a FD a/c (so that the a/c holder earns more rate of interest). Available balance is the fund lying in the a/c holders SB a/c. The total amount in the credit of an a/c holder is the sum of both MOD and available balance. ( ie amount in credit of a/c holder = MOD balance + Available balance)
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
What id difference between mod banlance and avilable balance on ATM slip?
mod bal means money on deposit,available bal means current balance in ur account
What types of no fee balance transfer credit cards are available?
There are a few types of no fee balance transfer credit cards that are available. These are normally introductory rates. This includes the Capital One card.
Can you withdraw MOD balance?
mod bal
Which credit cards offer a low interest balance transfer?
It depends on your situation. Usually Discover cards have a very low interest balance transfer available with the cards.
What type of balance transfer offers are available online?
There aren't a whole lot of offers available. Good balance transfer rates usually aren't given to individuals with minimal or no credit history, but to individuals with solid credit.
What is the best way to do a balance transfer?
If a person's bank has online banking available, this is the easiest way to do a balance transfer from one account to another because they can check afterwards to see if the transfer went through.
What is the purpose of a balance transfer offer?
The purpose of a balance transfer is to transfer balance. Many credit card companies allow the transfer of balance from one card to another. That is a balance transfer.
How can one make a Mastercard balance transfer?
The cardholder has to log into the card's website, and select "Complete an online balance transfer check", under Tools and Services menu, then the cardholder will chose the amount available to them.
From where can one get a no interest balance transfer?
US Bank Visa Platinum Card has a 0% interest balance transfer, but it is only available within the first thirty days of opening a credit card account.
