What is the minimum period for Tdr? [2024]
The shortest time you can keep money in a Term Deposit Receipt (TDR) usually ranges from 7 days to 1 month. Different banks might have different rules, so it’s a good idea to ask your bank about their specific minimum time for TDRs.
- The minimum period for a Term Deposit Receipt (TDR) is typically between 7 days and 1 month.
- Different banks may have different minimum time requirements.
- Check with your bank to find out their specific minimum period for TDRs.
- Term Deposit Receipt (TDR) ke liye minimum period aam taur par 7 din se 1 mahine ke beech hota hai.
- Alag-alag banks ke alag minimum time requirements ho sakti hain.
- Apne bank se sampark karke unka specific minimum period pata karein.
Table of Contents
What is a Term Deposit Receipt (TDR)?
A TDR is a fixed deposit offered by banks where you deposit a lump sum amount for a specified period at a fixed interest rate.
What is the minimum period for a TDR?
The minimum period for a TDR generally ranges from 7 days to 1 month, but it can vary depending on the bank
Can I withdraw my money before the TDR matures?
Early withdrawal is usually possible but may incur penalties or result in lower interest rates.
What happens when the TDR matures?
When a TDR matures, the bank typically returns the principal amount along with the interest earned. You can either withdraw the money or renew the TDR.
Is the interest rate on a TDR fixed or variable?
The interest rate on a TDR is fixed for the term of the deposit.
