How to update your SDP nominee

Learn how to update your nominee details for your SDP account in a few easy steps.
3 mins
20 July 2023

A crucial procedural step that guarantees your investment is well-protected and in line with your objectives is updating your nominee details in the plan. This step is essential as the future of the maturity amount depends on it. Similarly, for your Systematic Deposit Plan (SDP), adding a nominee is also advised. A nominee is the person designated to receive the investment proceeds in case of the investor's unfortunate demise. You can easily update/ add/ edit nominee details on ‘My Account’ which is our customer portal.

Updating your SDP nominee details:

Adding a nominee is crucial to ensure that your SDP amount can be easily transferred to your loved ones in the event of your untimely demise.

To modify nominee details for your SDP, follow these steps:

  1. Sign in to the customer portal using your registered mobile number and the received OTP.
  2. Verify your details by entering your date of birth.
  3. Select your SDP from the "My Relations" section and click on add/ edit nominee option in the "Nominee details" section.
  4. Enter the required details of the nominee. If the nominee is a minor, provide guardian information.
  5. Verify the details by entering the OTP sent to your registered mobile number.

As investors, it is crucial to plan for the unforeseen and protect our financial legacy. Update and manage your SDP nominee details to safeguard your financial future by ensuring your nominee details are up to date.

If your SDP has a joint account holder, both the account holders need to verify the OTP while updating nominee details.

You can also click on the ‘Manage your SDP nominee details’ option below to visit our customer portal.


As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the 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.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.