Systematic deposit plan eligibility criteria

  • Resident Indian citizen

    Resident Indian citizen

    Individuals must be above 18 years of age to invest. Minor investors below the age of 18, can apply offline through a guardian.

Note: If you are under 18 years of age and want to apply for Bajaj Finance Systematic Deposit Plan, you can apply through offline mode only. For more details, you can get in touch with our representatives or the nearest BFL FD branch.

To invest in Systematic Deposit Plan online, you need to be an Indian Resident above 18 years of age. Minors below the age of 18, can apply offline by getting on touch with our representatives or the neared BFL FD branch. Systematic Deposit Plan is a unique investment product offered by Bajaj Finance Limited that encourages regular savings. It is a quick and easy investment medium, and you can get started with an investment amount of just Rs. 5,000.

A Systematic Deposit Plan safeguards your money from market volatilities, and the small monthly investments help you earn high-interest rates for all your financial goals. SDP provides fixed returns like fixed deposits without investing a large lump sum amount. You can benefit from an interest rate of up to 8.50%

Senior citizens get an additional rate benefit of up to %$$FDscFDextrarate$$% on their deposits.
Existing Bajaj Finance customers are not required to resubmit their documents. For new customers, the following documents are necessary to open a Systematic Deposit Plan:

  • One recent Photograph
  • PAN
  • Cancelled Cheque/ 6 months bank statement
  • Certified Copy of one of the Officially Valid Documents (OVDs) listed below:

Sr. No.

Proof of Identity and Address

i.

Valid Passport

ii

Valid Driving License

iii

Voter’s Identity Card

iv

Proof of possession of Aadhaar Number

v

 Job Card issued by NREGA
  • Below documents will be treated as Deemed to be Officially Valid Documents (DOVD) for the limited purpose of Proof of Address:
  1. Utility Bill (two months old)
  2. Property or Municipal tax receipt
Read More Read Less

Frequently asked questions

What documents do I need for updating my personal details?

Individuals (including Power of Attorney Holder) need to provide the following-

  • One recent Photograph
  • PAN or Form 60, if PAN is not allotted
  • Certified Copy of one of the Officially Valid Documents (OVDs) listed below:
  1. Valid Passport
  2. Voter’s ID Card issued by Election Commission of India
  3. Valid Passport
  4. Valid Driving License
  5. Proof of possession of Aadhaar Number (i.e. Aadhaar letter
  6. downloaded from UIDAI website, Aadhaar card)*
  7. Job Card issued by NREGA duly signed by an officer of the State Government.
  8. Letter issued by the National Population Register containing details of Name, Address of the customer.

*First 8 digits of the Aadhaar No. (on copy of Aadhaar Letter/Aadhaar Card obtained), must be redacted or blackened and it should not be eligible.

In case OVD does not have Current Address of the client, Deemed OVDs are as under -

Utility bill (Electricity, Telephone, Post-paid mobile phone, Piped Gas, Water Bill) which not more than two months old.

ii. Property or Municipal tax receipt

iii. Pension or Family Pension Payment Order, Letter of Allotment of Accommodation by eligible employer(s)

Related videos

‌
‌