TDR and STDR terms are used in banking industry. Both are type of fixed deposit. TDR means Term Deposit and STDR means special term deposit. Following is main difference between TDR and STDR.
TDR
If you want to get interest on your fixed deposit after short period like week, month or quarterly, you have to deposit under TDR scheme. At that time, bank will pay you normal interest rate on your fixed deposit. In all bank, their softwares have the option of TDR. After setting, your Fixed deposit money with TDR option, your saving account will connect with your Fixed deposit and at the completing of your time period, you will get the interest on your FD in your saving account. If your fixed deposit for 5 years but you want to Get interest after completing every month, your this choice will be accepted under TDR.
STDR
If you are not interested to get interest in short period, you will get interest on the date of maturity of your fixed deposit. Your FD will made under special term deposit scheme. In this scheme, you will get one extra benefit. After every quarter, you will get interest on your collected interest in three months. For example, if you are getting 9% interest on FD under TDR scheme but if you will deposit under STDR scheme your annual interest will more than this because you will get the interest on past collected interest.
Related : List of Banking Terms
TDR
If you want to get interest on your fixed deposit after short period like week, month or quarterly, you have to deposit under TDR scheme. At that time, bank will pay you normal interest rate on your fixed deposit. In all bank, their softwares have the option of TDR. After setting, your Fixed deposit money with TDR option, your saving account will connect with your Fixed deposit and at the completing of your time period, you will get the interest on your FD in your saving account. If your fixed deposit for 5 years but you want to Get interest after completing every month, your this choice will be accepted under TDR.
STDR
If you are not interested to get interest in short period, you will get interest on the date of maturity of your fixed deposit. Your FD will made under special term deposit scheme. In this scheme, you will get one extra benefit. After every quarter, you will get interest on your collected interest in three months. For example, if you are getting 9% interest on FD under TDR scheme but if you will deposit under STDR scheme your annual interest will more than this because you will get the interest on past collected interest.
Related : List of Banking Terms
fine...
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jagan
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Manas Biswas
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ReplyDeleteHogi
Deletetdr.....wat 'R' stands for?
ReplyDeleteITS RECEIPT
Delete"R" Stands for Rate
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ReplyDeleteHi sir i would like to ask a small question that if i deposit amount in TDR with short term period like 1 month can i get interest and capital after 1 month if i close account?
ReplyDeleteWhat is STDR in case of RD
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ReplyDeleteCan you give excel template for FD STDR or exact firmula to calculate various depisits in various banks. My email id: gopinath_r31@rediffmail.com
ReplyDelete