Full formBanking & Finance
FDRstands forFixed Deposit Receipt
Full Form of FDR
What is FDR?
A Fixed Deposit Receipt (FDR) is a document issued by a bank or financial institution to a depositor as proof of a fixed deposit investment. In India, FDRs are widely used by individuals and businesses to park surplus funds for a predetermined period at a fixed interest rate, which is typically higher than a regular savings account. The receipt contains details such as deposit amount, tenure, interest rate, maturity date, and terms of premature withdrawal. Banks issue FDRs for tenures ranging from 7 days to 10 years, and they can be used as collateral for loans or overdrafts. FDRs are commonly used across Indian public and private sector banks, as well as post offices and non-banking financial companies (NBFCs). They are popular among risk-averse investors seeking capital preservation and assured returns. In the context of competitive exams like bank PO, RBI Grade B, or clerical exams, understanding FDRs is important for questions related to deposit products, interest calculation, and banking terminology. The receipt serves dual purposes: it acts as a legal record of the investment and as a negotiable instrument when pledged.
FDR का फुल फॉर्म
सावधि जमा रसीद
Example
I submitted my FDR to the bank as collateral for the education loan.
FDR — frequently asked questions
What is the full form of FDR?
The full form of FDR is Fixed Deposit Receipt. It is a certificate issued by a bank confirming that a fixed deposit has been made.
Can I use an FDR as collateral for a loan in India?
Yes, many Indian banks allow you to pledge your Fixed Deposit Receipt as collateral for a loan or overdraft, usually up to 90% of the deposit amount.
What happens if I lose my FDR certificate?
If you lose your Fixed Deposit Receipt, you can approach the bank with a written request and indemnity bond to get a duplicate certificate or the maturity amount.