This kind of deposits is completely liquid. These are the Time Deposits but at the time of need for funds, withdrawals can be made in units of Rs.1,000/- from the deposits by issuing a cheque from Savings Bank Account or from ATM / branch or through any other channel.
The MOD (Multi Option Deposit) account is a combination of your transactional (debit) account and deposit account. E-TDR/e-STDR (MOD) Frequently Asked Questions