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Bajaj Finance Best Investment Plans

Systematic Deposit Plan - High Returns On Low Investment

Systematic Deposit Plan

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When investing in fixed deposits, you need to invest a lumpsum amount in a single go. However, we all need a stable and secure monthly investment option, where we can deposit a fixed amount regularly to create a corpus over time, in a disciplined manner.

To fulfil this need, Bajaj Finance now offers a Systematic Deposit Plan, wherein you can invest in small monthly deposits. The interest rate prevailing on the date of every deposit will be applicable to that particular deposit.

  • Features and Benefits of Bajaj Finance Systematic Deposit Plan

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    Here are the features and benefits of Systematic Deposit Plan:

  • Interest_Rate

    Interest Rate

    The interest rate prevailing on the date of each monthly deposit will be applicable to that particular deposit.

  • Tenor

    Tenor

    Bajaj Finance Systematic Deposit Plan has tenor options ranging from 12 months to 60 months. You even have an option to choose any one of these three days to make your monthly deposit – 3rd, 7th or 12th of each month. However, the date you choose once, will remain fixed for the rest of the deposits.

  • Minimum_Investment

    Minimum Deposit

    You can look at an deposit of Rs. 5,000 monthly to start a Systematic Deposit Plan.

  • Payment_Method

    Payment Method

    You need to make the first payment by account payee cheque so that the bank account gets registered. Subsequent payment for deposits will be deducted from the depositor’s bank account through NACH mandate issued in favor of BFL and duly registered with Depositor’s Bank

  • Pre-mature_Withdrawal

    Pre-mature Withdrawal

    Premature withdrawal is permitted for either one or more deposit under the SDP provided the FD has completed more than 3 months from the date of its issuance. Current RBI regulations on premature withdrawal will be applicable.

  • Loan_Against_Deposit

    Loan Against Deposit

    You may also avail loan against each deposit under SDP as per the applicable norms.

  • High_Stability_and_Credibility

    High Stability and Credibility

    A Systematic Deposit Plan with Bajaj Finance is one of the safest deposit options for depositors. Bajaj Finance FD is accredited with the high credit ratings from CRISIL and ICRA,so your investments are at lowest risk.

    Make a smart deposit choice with a Systematic Deposit Plan with Bajaj Finance, and keep getting guaranteed returns.

  • Disclaimer

    “As regards deposit taking activity of the company, the viewers may refer to the advertisement in the newspaper/ information furnished in the application form for soliciting public deposits”

    The company is having a valid Certificate of Registration dated 5th March 1998 issued by Reserve Bank of India u/s 45-IA of the RBI Act. However, RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/ discharge of the liabilities by the Company

Systematic Deposit Plan FAQs

What are the documents required to open a Systematic Deposit Plan?

You will require KYC documents to place a deposit:

1. Latest photograph
2. PAN card
3. Any one of the below:
    a. Aadhar Card
    b. Passport
    c. Driving License
    d. Job card issued by NREGA
    e. Voter ID card

The following additional documents need to be submitted along with application form:

a) Account Payee Cheque for 1st deposit
b) NACH mandate for subsequent deposits

Is there a penalty if I do not have money in my account for deposit?

No bounce charges will be levied by Bajaj Finance Limited in case the depositor misses his/her monthly deposit. Bounce charges may be levied by the Bank of the depositor for NACH dishonour and in that case BFL will not be held responsible.

Is a joint deposit possible?

Yes. A joint deposit account can be opened under the Systematic Deposit Plan. It will follow the same guidelines as a regular Bajaj Finance Fixed Deposits.

Will I get receipts for all deposits?

Yes. You will be issued separate Fixed Deposit Receipt for each deposit in line with existing deposit program guidelines.

Is the Auto-renew facility available?

No, auto renewal option is not available for deposits through Systematic Deposit Plan. To renew every deposit, a fresh renewal form needs to be filled and submitted.

Can I stop the Deposit Plan anytime I want?

Yes. In case you feel the need, you can cancel your NACH Mandate anytime in between and stop the Systematic Deposit payment.

SDP Calculator

SELECT CUSTOMER TYPE

New Customer

Senior Citizen

Bajaj Employee

Existing Customer

Please select type of customer

INVESTMENT AMOUNT PER MONTH
Rs
|
5K
|
4L
|
8L
|
12L
|
16L
|
20L
INVESTMENT TENOR
|
12
|
24
|
36
|
48
|
60
NUMBER OF DEPOSITS
|
6
|
12
|
24
|
36
|
48

Cumulative

  • Interest rate :

    7.6%

  • Interest Amount on every Deposit:

    Rs. 380

  • Payout Per month:

    Rs. 5,380

  • Total Payout :

    Rs. 32,280

  • Interest Earned :

    Rs. 4,560

 
Disclaimer :

ROI in the above calculator may vary upto 4 bps with the actual rates offered.