Systematic Deposit Plan (SDP) interest rates

Check the latest SDP rates before investing.

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

Revised interest rates for deposits starting at Rs. 5,000 up to Rs. 5 crore (w.e.f March 4, 2023)
*special interest rates are offered on special tenure of 15, 18, 22, 30, 33, 39 and 44 months.

Tenure in months Customers below 60 years of age
Senior citizens (over 60 years of age)
12-14 7.40% 7.65%
15* 7.45% 7.70%
16-17 7.40% 7.65%
18* 7.40% 7.65%
19-21 7.40% 7.65%
22* 7.50% 7.75%
23 7.40% 7.65%
24 7.55% 7.80%
25-29 7.35% 7.60%
30* 7.45% 7.70%
31-32 7.35% 7.60%
33* 7.75% 8.00%
34-35 7.35% 7.60%
36-38 7.65% 7.90%
39* 7.60% 7.85%
40-43 7.65% 7.90%
44* 7.95% 8.20%
45-60 7.65% 7.90%

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 receipt will also be sent to your email ID.

Frequently asked questions

Which interest payout options are available for Systematic Deposit Plan?

Only cumulative option of interest payment is available under SDP. The interest will be compounded annually, and the maturity amount will be subject to deduction of tax, wherever applicable.

When and how do I get the interest amount earned on my Systematic Deposit Plan (SDP)?

Interest will be paid on the basis of cumulative scheme in Systematic Deposit Plan In cumulative scheme, the interest will be compounded annually and deposited to your bank account at the time of the maturity along with principal. The accumulated interest will be subject to deduction of tax, wherever applicable The interest amount gets transferred through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes to the bank account registered with BFL.
However, if the payment with respect to your payout bounces, you shall be informed through a phone call & email.

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