TERM DEPOSIT ACCOUNT:
TDR stands for Term Deposit Receipt. TDR is a type of Fixed Deposit where you can choose to receive the interest either Monthly, Quarterly, semi-annual profit plan. This scheme is also known as Interest Payout option. This scheme is suitable for those who expect to receive regular income.
Key features:
- Safe investment option
- Guaranteed returns
- Regular monthly or quarterly income
- Senior Citizens get extra interest rate compared to other customers