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How does a Systematic Deposit Plan work?

  • Highlights

  • Grow your savings with a monthly deposit starting Rs.5,000

  • Choose to make 6 to 48 monthly deposits

  • Choose flexible tenors between 12 and 60 months

  • Fill out a simple form online to begin with this savings tool



The Bajaj Finance Systematic Deposit Plan (SDP) is an FD feature that serves as an efficient and quick savings tool. It allows you to grow your savings without requiring large lump sum contributions. An SDP is similar to an SIP, without the risk factor and moreover, since your finances are deposited in Bajaj Finance FDs you benefit from high earnings and a stable environment, certified by CRISIL’s FAAA and ICRA’s MAAA ratings.

Read on for a better understanding on How Systematic Deposit Plan works:

  • You can start with savings of Rs.5,000 only: SDPs facilitate convenience and ease in that you do not need to secure a large lump sum to get started. Rather, a minimum deposit of Rs.5,000 can help you begin your wealth creation activities. Based on your customer profile, your savings grow at a rate of up to 8.05%*.


  • You can make payments conveniently: SDPs make hassle-free savings growth possible. You need to submit a cheque when making the initial payment so that your bank details are registered, following which the amount will be deducted through an NACH mandate. Deposits are created on a fixed date, which you can choose, either the 3rd, 7th or 12th of the month.


  • You can limit the total number of deposits: With each payment, a new deposit is created and you can choose from 6 to 48 deposits to grow your corpus. Each deposit attracts the rate of interest prevalent on the date of making the deposit.


  • You can select a tenor for your FDs: While depositing your savings, you can align your maturity proceeds to your short- and long-term goals. You can select from a tenor ranging from 12 to 60 months. Keep in mind that once you decide on a particular tenor, it becomes applicable to all of your other deposits.


Below are calculations made with the SDP calculator indicating how SDPs work and the earnings you can look forward to.

Customer type: New customer


Monthly deposit (in Rs) Number of deposits Tenor (in months) Interest rate (in %) Interest amount on each deposit (in Rs) Payout per month (in Rs) Total payout (in Rs) Interest earned (in Rs)
10,000 6 12 7.6 760 10,760 64,560 4,560
10,000 6 24 7.9 1,642 11,642 69,852 9,852
10,000 6 36 8.1 2,632 12,632 75,792 15,792
  • You can make premature withdrawals, if necessary: In case of cash crunch, you can initiate a premature withdrawal of more or more deposits, provided that your FD has completed 3 months from the date of issuance. Withdrawals are subject to RBI regulations applicable.


  • You can enjoy avail a loan against your deposits: You can leverage the value of each deposit to gain liquidity via a loan while keeping your deposits running.


With so many benefits in store, now’s the time to secure your finances with this smart saving tool. To begin, simply fill out the SDP form online!

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