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Systematic Deposit Plan

Highest stability ratings | Interest rates up to 8.65% p.a. | Open with just ₹5,000
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Trusted by 5 lakh+ customers

Systematic Deposit Plan
Highest stability ratings | Interest rates up to 8.65% p.a. | Open with just ₹5,000
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CRISIL AAA/STABLE

Bajaj Finance Systematic Deposit Plan are a top choice for secure financial planning and for customers who prefer to make regular contributions. Our CRISIL AAA/STABLE rating reflects a strong commitment to financial stability, making our SDPs a prudent choice for discerning investor. With a proven history of excellence, these deposits provide safety and the potential for significant growth.

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[ICRA]AAA(Stable)

Bajaj Finance Systematic Deposit Plan proudly boast an [ICRA]AAA(STABLE) rating, demonstrating a strong commitment to financial excellence. This top-tier rating ensures the utmost credibility, stability, and growth potential for your investments. Bajaj Finance SDP not only secure your financial goals but also offer remarkable growth opportunities, empowering you to achieve a brighter financial future.

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CRISIL AAA/STABLE

Bajaj Finance Systematic Deposit Plan are a top choice for secure financial planning and for customers who prefer to make regular contributions. Our CRISIL AAA/STABLE rating reflects a strong commitment to financial stability, making our SDPs a prudent choice for discerning investor. With a proven history of excellence, these deposits provide safety and the potential for significant growth.

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[ICRA]AAA(Stable)

Bajaj Finance Systematic Deposit Plan proudly boast an [ICRA]AAA(STABLE) rating, demonstrating a strong commitment to financial excellence. This top-tier rating ensures the utmost credibility, stability, and growth potential for your investments. Bajaj Finance SDP not only secure your financial goals but also offer remarkable growth opportunities, empowering you to achieve a brighter financial future.

SDP Calculator

SDP Calculator

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Features and benefits of SDP

  • Bajaj Finance Digital SDP – Interest Up To 8.60% p.a.

    Unlock higher returns, earning up to 8.60% p.a., with the Bajaj Finance Digital SDP for 42 months — available exclusively on our website and app.

  • 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.

  • 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.

  • Monthly Maturity Scheme – MMS

    In this scheme, the ‘principal + interest’ for each deposit is paid monthly, on maturity of each deposit.

  • Single Maturity Scheme - SMS

    In this scheme, you get entire ‘principal + interest’ at the end of the tenure.

  • 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.

  • End-to-end online

    You can start your SDP online without going anywhere, getting calls or asking for a visit.

  • Highest ratings

    Our highest [ICRA]AAA(STABLE) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.

  • 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.

Eligibility criteria

  • Nationality: Resident Indians
  • Investor Type: Individuals and Senior Citizens

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

How to apply for a Systematic Deposit Plan

Step-by-step guide to invest in Systematic Deposit Plan (SDP)

  1. Click on 'Start SDP' 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 investment tenure and the maturity scheme. Enter your PAN card and date of birth.
  4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar card.
  5. A declaration will be displayed. Read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
  6. Complete your investment using Net Banking/ UPI or NEFT/RTGS.

Once this is done, you will receive the Systematic Deposit Acknowledgement on your registered email address and as a link on your mobile number. An electronic receipt will also be sent to your email ID within 3 working days (subject to documents being in the correct order).

2 Types of deposits

  • Fixed Deposit

    Bajaj Finance provides fixed deposits starting at ₹15,000 with tenures ranging from 12 to 60 months. This option allows you to invest a lump sum for a set period at a fixed interest rate. You can conveniently book and manage your Bajaj Finance FD online using the Bajaj Finserv app or website.

  • Systematic Deposit Plan- Single Maturity Scheme (SMS)

    Systematic Deposit Plan (SDP) is for customers who prefer to make regular contributions. With an SDP, you can invest as little as ₹5,000 each month for a set period ranging from 12 to 60 months. Under the Single Maturity Scheme (SMS), you receive both the principal and interest upon maturity. The interest for each new deposit is calculated based on the prevailing rates at the time of the deposit.

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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 8.60% p.a. for senior citizens and for the customers below the age of 60 they are providing a rate of up to 8.35% 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.