What is e tdr e stdr fixed deposit?
Both e-TDR (Electronic Term Deposit Receipt) and e-STDR (Electronic Special Term Deposit Receipt) are digital fixed deposit options that you can open directly through your online banking account. They’re part of SBI’s Multi-Option Deposit (MOD) scheme.
Here’s what really makes it smart:
- I can withdraw money anytime in multiples of ₹1,000, either through ATM, branch, or cheque.
- The system automatically deducts the withdrawn amount from my MOD balance, while the remaining deposit continues to earn interest at the same rate.
- This way, my money stays invested, yet I don’t lose liquidity when I need cash.
The minimum amount to start is ₹10,000, and I can choose a tenure between 1 and 5 years. Before creating the deposit, I always check the current interest rates because they change from time to time.
If I ever want to close the deposit early, I can do that online. The funds instantly go back to my main account.