TDR Full Form: Know All About TDR Here!

By BYJU'S Exam Prep

Updated on: September 25th, 2023

TDR Full Form: Within the banking world, it is quite common for abbreviations and full forms to be used on a daily basis. The terminology in this sector is often confusing and lengthy, which is why short forms and abbreviations are extremely easy methods of communicating information quickly. These abbreviations may represent instruments, tools, receipts, laws, regulations, acts, techniques, or even names of several banking institutions. Thus, it becomes extremely important for banking job applicants to be aware of these commonly used abbreviations. Some of these abbreviations may even creep up in your banking exams, or in a job interview.

For instance, if you are asked to answer the question, “What is the full form of TDR?”, it is essential that you not only have the answer but also know some additional important facts about TDR. In the banking world, the full form of TDR is Term Deposit Receipt. A TDR is a certificate issued to the term deposit account holder that recognizes the amount deposited, interest payouts, and the duration of the deposit. Term deposit schemes are often called Fixed Deposit schemes and are considered to be an illiquid form of assets. The interest earned will only be deposited into your account on the completion of the term. The duration usually varies from a few months to a few years, and the sum can be only withdrawn on completion of the term. 

Term deposit plans were introduced to mobilize savings that are otherwise lying idle. These deposits are the single most popular investment instrument in post-independent India as they often carry a higher rate of interest than a regular savings scheme. While only banks can traditionally offer TDRs, other similar forms of deposits can be issued by public limited companies provided they follow certain criteria. The deposits issued by public limited companies usually carry a higher rate of interest, but these are considered slightly riskier than the instruments offered by banks.

All banks in India offer term deposit accounts facilities, and in most cases, a term deposit can be opened online. Once you successfully open a Term Deposit, the bank will issue a term deposit receipt (the full form of TDR). 

Commonly, a TDR issued by banks will contain the following components:

  1. Name of the account holder
  2. Age of the account holder (senior citizens usually receive higher rates of interest)
  3. Bank account details
  4. Deposited amount
  5. Rate of interest
  6. Date of maturity
  7. Interest received by the depositor on maturity
  8. Other term deposit-related instructions.
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