Systematic Deposit Plan for your portfolio

Bajaj Finance offers a monthly savings programme called the Systematic Deposit Plan (SDP). It’s a tool for managing money that combines the security of fixed-deposit accounts with the flexibility of modest monthly investments.

SDP rates for all customers (0.25% p.a. additional for senior citizens)

Revised interest rates for deposits starting at Rs. 5,000 up to Rs. 5 Crore (w.e.f November 22, 2022)
*Special interest rates are offered on tenure of 15, 18, 22, 30, 33, 39 and 44 months.

Tenure in months Customers below 60 years of age
(p.a.)
Senior citizens (over 60 years of age)
(p.a.)
12-14 6.80% 7.05%
15* 6.95% 7.20%
16-17 6.80% 7.05%
18* 7.00% 7.25%
19-21 6.80% 7.05%
22* 7.10% 7.35%
23-24 6.80% 7.05%
24-29 7.25% 7.50%
30* 7.30% 7.55%
31-32 7.25% 7.50%
33* 7.30% 7.55%
34-35 7.25% 7.50%
36-38 7.50% 7.75%
39* 7.60% 7.85%
40-43 7.50% 7.75%
44* 7.70% 7.95%
45-60 7.50% 7.75%

Features and benefits of our SDP

Bajaj Finance Systematic Deposit Plan

Looking for a convenient and easily manageable way to invest? Opt for Bajaj Finance Systematic Deposit Plan today and start as low as Rs.5,000 per month.

  • SDP features

    Start with Rs. 5,000

    You can start investing in our SDP with as little as Rs. 5,000 every month for a defined period.

  • SDP features

    The flexibility of recurring monthly investments

    In SDP, you deposit money every month for a defined period. This is based on your selected tenure. You can choose to get monthly or end-of maturity payouts.

  • Higher SDP rates for senior citizens

    If you are a senior citizen (over 60 years of age), you get up to 0.25%.p.a. additional interest rate on SDP.

  • SDP features

    Monthly Maturity Scheme – MMS

    In this scheme, the ‘principal + interest’ for each deposit is paid monthly, on maturity of each deposit.

  • SDP features

    Single Maturity Scheme - SMS

    In this scheme, you get entire ‘principal + interest’ at the end of the tenure.

  • SDP features

    Latest interest rates applicable

    Since SDP works like a recurring monthly option, you get the benefit of the latest interest rates on each monthly deposit.

  • SDP features

    End-to-end online

    You can start your SDP online without going anywhere,  getting calls and asking for a visit. 

  • SDP features

    Highest ratings

    Our highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.

  • SDP features

    Special tenures higher rates

    We offer higher SDP rates on our special tenures of 15, 18, 22, 30, 33, 39 and 44 months.

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Other investment options

Below are a few investment options you can explore.

  • Start investing with as low as Rs. 15,000

    You can now start monthly deposits and earn returns up to 7.95% p.a.
    Start investing in FD

  • Hassle free trading account

    Online platform to invest in stocks, derivatives, mutual funds, and more.
    Open a trading account

  • Set up your Bajaj Pay wallet

    The only 4 in 1 wallet in India that gives you the option to transfer money or pay using UPI, EMI Network Card, credit card, and your digital wallet.
    Download Bajaj Pay

Eligibility criteria and documents required

All resident Indians can book our Systematic Deposit Plan. You will be asked to share a few documents to complete your investment.

Documents required

  • Copy of your PAN
  • KYC documents: Passport, valid driving license, voter's identity card, Aadhaar card, MGNREGA job card
  • Address Proof: Utility bill, property or municipal tax receipt

SDP calculator

Systematic Deposit Plan Calculator

Plan your investment better

How to invest in a Systematic Deposit Plan

A step-by-step guide to invest in a Systematic Deposit Plan (SDP)

1. Click on ‘INVEST’ at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the tenure, and select the number of deposits you would like to make.
Note: You may notice that your tenure differs from the number of deposits you can choose from. For example, if you choose a tenure of 24 months, you have the option to choose between 6 and 11 for Single Maturity Scheme and between 6 to 12 in case of Monthly Maturity Scheme, as the number of monthly deposits. These combinations have been predefined.
4. Enter your PAN card and date of birth to complete your KYC. If you are an existing customer, you will find that your details are pre-filled. You can confirm these or make changes. If you are a new customer, you can use your Aadhaar card to complete your KYC.
5. Enter your bank details and complete your e-mandate.
6. You will be directed to the payment page. Complete your application using NetBanking, UPI or Debit Card.

Once this is done, we will send you an acknowledgement of your investment on your email address and mobile number.
An Electronic Systematic Deposit Plan Receipt (SDPR) will be sent to your email ID.

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Frequently asked questions

Is there a penalty if I do not have money to pay the monthly Deposit in my account?

No, Bajaj Finance does not levy any bounce charge if the depositor misses their monthly Deposit. The depositor's bank, however, may impose bounce charges for NACH dishonour. In that case, BFL will not be held responsible.

Is a joint deposit possible?

A joint deposit account can be opened under the Systematic Deposit Plan. It will follow the same process as the Bajaj Finance Systematic Deposit Plan.

Will I get receipts for all deposits?

Yes, a separate fixed deposit receipt will be issued for each Deposit in line with the existing policy.

Can I stop the Systematic Deposit Plan anytime I want?

Yes, you can cancel your NACH mandate anytime in between and stop the Systematic Deposit payment.

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Disclaimer:

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 https://www.bajajfinserv.in/fixed-deposit-archives

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 Systematic Deposit Plan calculator, the returns are indicative and computed based on the assumption that ROI will not change. Hence, this amount may vary. In practice, the prevailing interest rate on the date of each Deposit will apply to that particular Deposit.