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💵 FDR Amount

💵 FDR Amount

🔍 What Is “FDR Amount”?

FDR stands for Fixed Deposit Receipt, a document issued by a financial institution—typically a bank or NBFC—when a client opens a fixed deposit (FD). The FDR Amount refers to the principal sum deposited by the client at the start of the FD ([turn0search7], [turn0search0]).

It signifies the initial investment amount confirmed by the bank and detailed on the FDR itself.

📦 Components of a Fixed Deposit Receipt (FDR)

An FDR typically includes:

  • Account Holder’s Information: Name, account number, and sometimes KYC details.

  • FDR Amount: The principal deposit made by the client.

  • Tenure & Maturity Date: Duration of the FD and its end date.

  • Interest Rate & Maturity Value: Fixed rate applied and total value at maturity (principal + interest).

  • Deposit Type: Cumulative vs. non-cumulative.

  • Nominee & Auto-Renewal Details: If nominated and whether auto-renewal is enabled.

  • Penalty or Premature Withdrawal Clauses: If applicable ([turn0search0], [turn0search8], [turn0search3], [turn0search4]).

🎯 Why the FDR Amount Matters

  • Proof of Investment: The FDR is the tangible confirmation of the deposited principal ([turn0search6], [turn0search3]).

  • Using as Collateral: The FDR often serves as collateral against a loan from the same institution ([turn0search0], [turn0search1], [turn0search4]).

  • Tax and Record Keeping: Needed to report interest income and for estate planning or nomination transitions ([turn0search0], [turn0search8], [turn0search4]).

✅ Best Practices for Clients

  • Review Your FDR: Verify the principal amount, interest rate, term, and maturity date.

  • Safekeeping: Keep the physical or digital FDR secure—it is required to withdraw, renew, or use as collateral.

  • Understand Penalty Terms: Know the implications of early withdrawal before maturity.

  • Nominee Visibility: Ensure nomination details are present if you’ve assigned a beneficiary.

✍️ Sample Clause

“The Client has deposited a principal (“FDR Amount”) of USD 500,000 in a fixed deposit for a tenure of 24 months at an interest rate of 5.5% per annum. This FDR will serve as collateral in the event the Client elects for loan facilitation under agreed terms.”

📬 Need Assistance?

If you’d like help organizing your FDRs, using them as structured collateral, or understanding how they integrate with our Smart‑Plan or trust frameworks, our team is ready to assist.

📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com

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