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plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.

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15y ago

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What is mod balance in a bank account?

what is the mod balance in account what is the definition of mod balance


What is the interest rate on MOD balance of SBI?

Interest rates ALWAYS vary: consult your favorite bank!


What is the interest rate of MOD balance of SBI?

Interest rates ALWAYS vary: consult your favorite bank!


Can i withdraw MOD Balance money?

mod balance available


Can you withdraw MOD balance?

mod bal


Is it possible that banks are not modifying your loan because they cant after selling your note and are lying to stall so they can foreclose instead of come clean?

The main reason why banks generally are not doing loan mods is because of money. Banks make more money by foreclosing on a property then by approving a loan mod . Also, banks have an obligation to their investors to get the most return on investments for their investors. A loan mod reduces the return on investment. Now if a bank sold the note and is offering a loan mod when they they are not the holder of the note in do course then they really have no authority to do so.


What is the minimum amount you can withdraw from ATM from MOD balance?

The minimum amount you can withdraw from an ATM using a MOD (Money on Demand) balance typically depends on the specific policies of the bank or financial institution. Generally, most ATMs enforce a minimum withdrawal limit, often ranging from $20 to $40. It's best to check with your bank for their specific minimum withdrawal requirements.


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)


How do you transfer mod balance to available balance?

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.


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 is 3 plus 4 plus 1 in the mod 5 system?

3


Can a executor do a loan mod to save the home?

The executor is required to preserve the estate. That may require a loan modification. They can also sell the property.