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Enjoy higher interest rate with Bajaj Finance Digital SDP. Unlock returns of up to 8.85% p.a. by investing for 42 months via our website and app.

SDP rates for customers below the age of 60

Systematic Deposit Plan annualised rate of interest for customers below the age of 60 is valid for deposit of up to Rs. 5 crore (03 Apr, 2024)

Bajaj Finance Digital SDP

New Product Launch
Tenure in months
Customers below 60 years of age (p.a.)
42* 8.60%

Customer below the age of 60 – Special Period

Tenure in months
Customers below 60 years of age (p.a.)
18* 7.80%
22* 7.90%
33* 8.10%
44* 8.25%

Customer below the age of 60 - Regular Period

Tenure in months
Customers below 60 years of age (p.a.)
12 - 14 7.40%
15 - 23 7.50%
24 - 35 7.80%
36 - 60 8.10%

SDP rates for customers above the age of 60

Systematic Deposit Plan annualised rate of interest for senior citizens is valid for deposit of up to Rs. 5 crore (03 Apr, 2024)

Bajaj Finance Digital SDP

New Product Launch
Tenure in months
Senior citizens (over 60 years of age) (p.a.)
42* 8.85%

Senior Citizen – Special Period

Tenure in months
Senior citizens (over 60 years of age) (p.a.)
18* 8.05%
22* 8.15%
33* 8.35%
44* 8.50%

Senior Citizen – Regular Period

Tenure in months
Senior citizens (over 60 years of age) (p.a.)
12 - 14 7.65%
15 - 23 7.75%
24 - 35 8.20%
36 - 60 8.35%

Features and benefits of Systematic Deposit Plan

Features and benefits of our systematic fixed deposit 00:42

Features and benefits of our systematic fixed deposit

Watch this video to know more about the key features of Bajaj Finance Systematic Fixed Deposit.

  • SDP features

    Bajaj Finance Digital SDP – Interest Up To 8.85% p.a.

    Unlock higher returns, earning up to 8.85% p.a., with the Bajaj Finance Digital SDP for 42 months — available exclusively on our website and app.

  • 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 of time.

  • SDP features

    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.

  • 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 or 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 18, 22, 33, 42 and 44 months.

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Eligibility criteria and documents required

All resident Indians can book our Systematic Deposit Plan.

  • Nationality

    Nationality

    Resident Indians

  • Investor Type

    Investor Type

    Individuals and Senior Citizens

  • Documents Required

    Documents Required

    PAN and any KYC document: Aadhaar card/ Passport/ Driving license/ Voter ID

  • *Documents can also be fetched from registered KYC.

    You can update KYC Via CKYC, OKYC & Digi locker

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  • Did you know?

    Senior citizens get a higher rate of return on their investments.

  • Did you know?

    You can opt for a loan against your fixed deposit investment.

  • Did you know?

    The deposits under SDP are considered as cumulative deposits and interest will be paid only on maturity.

  • Did you know?

    With Bajaj Finance Digital FD you can get up to 8.85% p.a. interest.

How to invest in a Systematic Deposit Plan?

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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 from 6 to 11 for Single Maturity Scheme. For Monthly Maturity Scheme, the deposit is between 6 to 12. 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 those or make changes. And, 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 Receipt will also be sent to your email ID.

Frequently asked questions

What is the Digital SDP offered by Bajaj Finance?

Bajaj Finance has launched a new SDP, "Bajaj Finance Digital SDP", for a period of 42 months. Bajaj Finance is providing one of the highest interest rates of up to 8.85% p.a. for senior citizens and for the customers below the age of 60 they are providing a rate of up to 8.60% p.a. The Digital SDP can be opened and managed only through the Bajaj Finserv website or app.

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

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 (FDR) 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 Plan 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 rate of interest (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.