ROI up to 7.35%* on FD

FD Online

Best Ways To Maximize Savings with Systematic Deposit Plan (SDP)

  • Highlights

  • Systematic Deposit Plan is an industry-first monthly savings plan for regular savers

  • Ladder your deposits easily with Systematic Deposit Plan

  • Systematic Deposit Plan can help you grow retirement savings

  • Fill a form to save and earn steadily



When it comes to intelligently managing your personal finances, common approaches include putting a significant percentage of your income into savings and investments like fixed deposits. For young earners, the option to save is easily achievable, but making the minimum deposit can be a tough ask.
Conversely, for those with experience, intelligent financial management means identifying instruments that complement both short- and long-term goals efficiently. Thankfully, with the Systematic Deposit Plan (SDP) by Bajaj Finance, you enjoy the reliable yield of a fixed deposit even as you save on a monthly basis.

Read along to know more about how different savers can maximise their savings with Systematic Deposit Plan.

Young earners looking to inculcate the habit of saving and investing

It can be tough for a first-jobber with a limited earning capability to consistently contribute to savings and also accommodate investments. However, with Systematic Deposit Plan, you can do both efficiently, and in a budget-friendly way.

With a minimum monthly deposit of just Rs. 5,000, you can sign up for SDP, make your first deposit with a cheque and automate future deposits with NACH mandate. All in all, you can grow your savings at a rate of up to 8.05%* through a total of 6 to 48 deposits.

Experienced investors in search of an efficient laddering instrument

If you’re a more experienced investor, you can use SDPs to build your savings in a staggered manner. Here, every deposit creates a new deposit that you can align to your financial goals. You can choose from a tenor ranging between 12 and 60 months and ladder your deposits efficiently as per your needs. You can make payments on the 3rd, 7th or 12th of every month; however, do note that once this date is fixed, it applies to all remaining deposits.

Senior citizens looking for a safe option to grow their retirement corpus

As a senior citizen, Systematic Deposit Plan can help you enhance your retirement savings, in portions, steadily and reliably. Here, your money is invested in a Bajaj Finance FD, an asset that has secured both ICRA’s ‘MAAA’ and CRISIL’s ‘FAAA’ ratings for stability and credibility. This means your money is secure, you’re assured earnings at a rate of up to 8.05%*, and you get liquidity every month once the first FD matures.


For a better picture, consider the following table.


Type of customer Deposit amount per month (in Rs.) Deposit tenor(in months) Number of deposits Interest earned on each deposit (in Rs.) Total interest earned (in Rs.) Monthly payout (in Rs.) Total payout (in Rs.)
Senior citizen 15,000 12 12 1,178 14,136 16,178 1,94,136
Senior citizen 25,000 12 12 1,963 23,556 26,963 3,23,556
Senior citizen 50,000 12 12 3,925 47,100 53,925 6,47,100

If your needs match those of these 3 customer types then, simply fill the online application form to setup your SDP without delay to grow your savings in a stable and lucrative manner!


Fixed Deposit - Request a Call Back

Please enter your first and last name
Please enter 10-digit mobile number
Please enter your pin code
Please enter deposit amount

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up

4 Benefits of Systematic Deposit Plan That You Need to Know

PRODUCT GUIDANCE

4 Benefits of Systematic Deposit Plan That You Need to Know