Difference between TDR and STDR in Fixed Deposits

By |2020-08-11T01:03:26+05:30August 11th, 2020|Categories: Personal Finance|Tags: , , , , , , |

Normally, Fixed Deposits are broadly classified into two different types, TDR (Term Deposit Receipt) and STDR (Special Term Deposit Receipt). The primary difference between both depends on the cumulative nature of the interest payout. Term Deposit Receipt This Fixed Deposit is known as a cumulative Fixed Deposit. This kind of Fixed Deposit has a minimum