TDR Vs STDR SBI

Hi I want to have a fixed deposit account in the SBI so can you please tell m the difference between the TDR and the STDR so I can have an idea???

You can open the fixed deposit account in the SBI if you have Internet banking user name and password, and at least one transaction account mapped to the username.

You can open a term deposit with a nominal amount of Rs.1000/- , however minimum & maximum amount limit may vary for different product codes.

You can debit a savings, current, or OD account to open term deposit.

The account selected for debiting should be valid transactional a/c through Internet Banking channel and should not be a stopped / dormant / locked account.

Hey both TDR and STDR are bound by the following minimum and maximum tenures.

As a general rule the minimum tenure for a term deposit is 7 days and the maximum is 10 years.

Minimum tenure is 7 days for TDR and 180 days for STDR

Maximum tenure is 3650 days for TDR and STDR.

Fixed Deposits are also called Term Deposits because they are invested for a fixed term or tenure. There are also Special Term Deposits.

Special Term Deposits have special term periods like 333 days or 555 days.

With a Special Term Deposit, you get a better interest rate which would be higher than regular FDs.

A Term Deposit (also called a TD) is an FD where you choose the term.

In case of both TD and special deposit, you can choose to get paid interest on a monthly, quarterly, half yearly or annual basis.

If you want a regular interest income, a Term Deposit is good.

But if you prefer to see your money grow, a Special Term Deposit is good .

If you want more info then feel free to contact again