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Re: TDR Full Form SBI
The full form of TDR in State Bank of India SBI is Term Deposit Receipt. Term Deposit Receipt (TDR) or Fixed Deposit Scheme is a type of bank savings or investment account that promises the deposito/investor a fixed rate of interest. It can be opened by individuals, partnership firms, private and public limited companies, HUFs/specified associations, societies, trusts etc. In return, the investor agrees not to withdraw or access his / her funds for a fixed period of time. Normally, fixed deposit schemes gives higher interest rates as compared to other modes of deposit. The Bank issues receipt (Term Deposit Receipt - TDR) for amounts kept in each fixed deposit account. The TDR can be kept in safe custody of the bank free of charge and a safe custody receipt will be issued. Term Deposit Accounts can be opened for a minimum period of 7 days up to maximum period of 10 years. Customer service: 1800 425 3800 |
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