what is the full form of FDR
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Answer:
fixed deposit recepit
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Full form of FDR is Fixed Deposit Receipt.
Explanation:
- FDR is a "proof that the depositor" deposit certain amount for a particular period of time at the "fixed rate of interest" in the bank.
- This receipt or document includes each particular detail of the scheme. Receipt contains the Name of depositor, Age of depositor, Account details of depositor etc.
- A Fixed Deposit is a "financial system" that affords a "higher rate of interest" than a regular savings account.
- The bank circulates a single receipt for the "fixed deposit" is called Fixed Deposit Receipt
Learn more about Fixed Deposit Receipt
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