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Diff. Between FDR & KDR

This query is : Resolved 
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Discussion clarifies that KDR stands for Kamadhenu Deposit Receipt used by a bank as a type of fixed deposit. It is largely similar to FDR, though some believe KDR may involve compounded interest while FDR may use simple interest.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2010 Pls. Anyone Tell me that

What is Diff. Between FDR & KDR and what is full form KDR ???

Pls. reply asap
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 April 2010 Canara Bank uses the term KDR for 'kamadhenu deposit receipt' which is a fixed deposit scheme.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
13 April 2010 I.E THERE IS NO DIFFERNCE IN KDR & FDR. ONLY CANARA BANK USES KDR TERM FOR FDR.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 April 2010 I think in KDR's interest is accumulated and interest is paid on interest also, i. e. interest is compunded and in FDR simple interest is calculated.
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