Diff. Between FDR & KDR

This query is : Resolved 

Quick Summary
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.

Avatar

Querist : Anonymous

Profile Image
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

13 April 2010 Canara Bank uses the term KDR for 'kamadhenu deposit receipt' which is a fixed deposit scheme.

13 April 2010 I.E THERE IS NO DIFFERNCE IN KDR & FDR. ONLY CANARA BANK USES KDR TERM FOR FDR.

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details