Unique in some of its features, MODE provides instant facility of withdrawing money without any of the current hassles, said Anjani Ranjan Lal, deputy general manager.

The FD holder, said Lal, will continue to get the contracted rate of interest on the reduced amount with the FD remaining intact. Giving details of the MODE, Lal said the facility of over-draft in the current account will also be given at the normal rate of interest against term deposits.

Due to computerisation of as many as 47 of the total 161 branches in Rajasthan, account holders will also be provided, on a quarterly basis, a statement showing the value of deposit including accrued interest. The bank has also taken steps for inter-connectivity of allbranches so that account holders can draw the amount anywhere in the state.

Lal said Rs 3.50 crore was spent on computerisation in Rajasthan and as a result SBI's efficiency had increased. The bank has also been able to deal effectively with the Y2K problem.

The Rajasthan region posted a net profit of Rs 44.97 crore for the year ended March 1999 as against Rs 36.75 crore in the previous year. The deposits had risen to Rs 1,973.70 crore from Rs 1,700 crore in the previous year with the advances touching the figure of Rs 864.01 crore.