The Special Term Deposit Receipt (STDR) offered by the State Bank of India (SBI) is a unique investment option with several key features. It provides attractive and safe interest rates enabling investors to earn higher returns on their idle funds. The deposit period is flexible ranging from 7 days to 10 years allowing investors to align their investments with either short- or long-term goals. Senior citizens benefit from a higher interest rate than other customers. STDR is a risk-free investment guaranteeing a fixed predetermined interest rate for the specified period. Additionally the interest is compounded quarterly enhancing overall returns.
