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

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.

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!