diff --git a/src/app/savings/savings-account-stepper/savings-account-terms-step/savings-account-terms-step.component.ts b/src/app/savings/savings-account-stepper/savings-account-terms-step/savings-account-terms-step.component.ts
index a51c2f469..dcf45f464 100644
--- a/src/app/savings/savings-account-stepper/savings-account-terms-step/savings-account-terms-step.component.ts
+++ b/src/app/savings/savings-account-stepper/savings-account-terms-step/savings-account-terms-step.component.ts
@@ -147,6 +147,7 @@ export class SavingsAccountTermsStepComponent implements OnChanges, OnInit {
     const payload = this.savingsAccountTermsForm.getRawValue();
     delete payload.currencyCode;
     delete payload.decimal;
+    delete payload.minBalanceForInterestCalculation; //Backend is not accepting minBalanceForInterestCalculation value
     return payload;
   }