The full form of STDR is Special Term Deposit Receipt.

In the banking world, fixed deposits are broadly classified into two different types, TDR (Term Deposit Receipt) and STDR (Special Term Deposit Receipt). Both the terms have been popularized by the State Bank of India as it uses them to refer to its fixed deposit products.

In TDR, the interest component is paid out to the depositor at regular intervals, like on a monthly, quarterly, semi-annual, or annual basis as per the investor’s choice. In this type of FD, the regular interest rate is offered on your fixed deposit.

In common terms, this FD is known as cumulative FD and has a minimum tenure of 7 days and a maximum tenure of 10 years.

The interest payout is credited to your savings bank’s linked FD account at a fixed date which can then be withdrawn for use as per your convenience.

• Special Term Deposit (STD) Account can be opened in the same way as the Term Deposit Account. The interest on the STD Account is compounded at quarterly intervals and principal and interest are paid on maturity.
• Minimum and maximum period of deposit may be 7 days and 120 months respectively.Minimum and maximum periods are subject to change.
• Minimum amount of deposit is Rs.1,000/- and thereafter, in multiple of Rs.100/-.
• Loan up to 90% of principal and accrued interest is available against Special Term Deposit.
• Other terms and conditions are same as in case of Term Deposit Account.
• The Bank offers other variants of fixed deposits like recurring deposit accounts etc. Further details can be had from the branch where you wish to open the account.