Systematic Deposit Plan for your portfolio
Bajaj Finance offers a monthly savings programme called the Systematic Deposit Plan (SDP). It is 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 (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 May 10, 2023)
*special interest rates are offered on special tenure of 15, 18, 22, 30, 33, 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 | 7.40% | 7.65% | |||
| 15* | 7.45% | 7.70% | |||
| >15-17 | 7.50% | 7.75% | |||
| 18* | 7.40% | 7.65% | |||
| 19-21 | 7.50% | 7.75% | |||
| 22* | 7.50% | 7.75% | |||
| 23 | 7.50% | 7.75% | |||
| 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 - 43 | 8.05% | 8.30% | |||
| 44* | 8.35% | 8.60% | |||
| 45-60 | 8.05% | 8.30% | |||
Systematic Deposit Plan for your future plans
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.
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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.
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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.
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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. p.a. additional interest rate on SDP.
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Monthly Maturity Scheme – MMS
In this scheme, the ‘principal + interest’ for each deposit is paid monthly, on maturity of each deposit.
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Single Maturity Scheme - SMS
In this scheme, you get entire ‘principal + interest’ at the end of the tenure.
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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.
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End-to-end online
You can start your SDP online without going anywhere, getting calls and asking for a visit.
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Highest ratings
Our highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.
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Special tenures higher rates
We offer higher SDP rates on our special tenures of 15, 18, 22, 30, 33, and 44 months.
Other investment options
Below are a few investment options you can explore:
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Start investing with as low as Rs. 15,000
You can now start monthly deposits and earn returns up to 8.60% 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 licence, voter's identity card, Aadhaar Card, MGNREGA job card
- Address proof: Utility bill, property, or municipal tax receipt
Systematic Deposit Plan Calculator
Plan your investment better
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 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
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.
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.
Yes, a separate Fixed Deposit Receipt (FDR) will be issued for each deposit in line with the existing policy.
Yes, you can cancel your NACH mandate anytime in between and stop the Systematic Deposit Plan payment.
