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What is a Systematic Deposit Plan?

  • Highlights

  • Grow your savings on a monthly basis with Systematic Deposit Plan

  • Start saving with just Rs. 5000 per month

  • Choose to make between 6 and 48 monthly deposits

  • Deposits are created automatically via NACH mandate



For a young earner or someone in the initial phases of employment, adopting healthy financial disciplines like saving or investing can be tough ask. However, these are crucial to wealth generation and so, you can choose to grow your money with Bajaj Finance Fixed Deposit via a Systematic Deposit Plan. This feature enables you to enjoy the stable growth of an FD with the ease of investment like that offered by mutual fund SIPs.

Read along to know more about this industry-first monthly savings plan.

What is the Systematic Deposit Plan?

The Systematic Deposit Plan is quick savings tool that allows you make bite-sized monthly deposits as low as Rs. 5,000. Here, every deposit you make, counts as a new Bajaj Finance FD and matures based on the duration you select. Each new deposit is also booked at the interest rate applicable on the date of deposit.

What is the minimum deposit amount and how can you make monthly deposits?

The minimum deposit amount is Rs. 5,000 and so, the SDP feature is immensely beneficial to young earners with a limited earning capability. This feature works as a value-added savings tool as you’re also contributing toward your investment portfolio. Monthly deposits to the SDP can be automated via NACH mandate, allowing for direct deposits from your bank account. However, you must make the first payment via cheque.
Consider the table below to see how these returns can grow, for different customer types who choose to make 12 monthly deposits of Rs. 5000 each, and choose a tenor of 12 months for each deposit.


Type of customer Interest earned on each deposit (in Rs.) Total interest earned (in Rs.) Monthly payout (in Rs.) Total payout (in Rs.)
New customer 380 4,560 5,380 64,560
Existing customer 385 4,620 5,385 64,620
Senior citizen 393 4,716 5,393 64,716

How many deposits can be made and what is the tenor policy for the same?

With the Systematic Deposit Plan, you can make between 6 and 48 monthly deposits. The tenor for the deposits can range from 12 to 60 months and your earnings are available at the end of the tenor only. The same tenor you choose applies to all the deposits you make.

What are the additional features available when you invest in FDs via an SDP?

The additional features available include the ability to avail a loan against individual deposits in order to address emergencies and the provision to make premature deposit withdrawals upon completion of 3 months from issuance. Additionally, you also benefit from nil bounce charges for non-payment; however, you may incur a penalty from your bank for dishonouring the NACH mandate terms.

What are the documents required to make deposits via the SDP feature?

In order to opt in for this feature, you must submit the following documents.

  • PAN Card

  • Driver’s License/ Passport/ Aadhaar Card/ Voter’s ID/ NREGA job card

  • Latest photograph

  • NACH Mandate

  • Account payee cheque


Armed with this information, take control of your finances and make the smart choice today. To take the SDP route and grow your savings through Bajaj Finance FDs, simply fill the online application form and await contact from an authorised representative.


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