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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
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
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% |
Systematic Deposit Plan for your future plans
Features and benefits of Systematic Deposit Plan
Features and benefits of SDP
Here's some of the key features and benefits of Bajaj Finance SDP
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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.
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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 of time.
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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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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 or 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 18, 22, 33, 42 and 44 months.
Eligibility criteria and documents required
All resident Indians can book our Systematic Deposit Plan.
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Nationality
Resident Indians
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Investor Type
Individuals and Senior Citizens
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Documents Required
PAN and any KYC document: Aadhaar card/ Passport/ Driving license/ Voter ID
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*Documents can also be fetched from registered KYC.
You can update KYC Via CKYC, OKYC & Digi locker
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 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
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.
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.