Stop your ongoing SDP
If you do not want to continue with your Systematic Deposit Plan, you can stop it by visiting our Service portal. Once you raise a request to discontinue your SDP, your future instalments will not be debited from your bank account.
However, any request raised to stop your SDP on or after the 20th of the month will be applicable from the subsequent month. For example: If you have stopped your SDP on 21st January, it will come into effect with your March instalment.
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Raise a request to stop your SDP
- Click on the ‘Sign-in’ button on this page
- Enter the registered mobile number and date of birth and submit the OTP to sign-in.
- Go to the ‘Service’ portal.
- Click on ‘Relations’.
- Select the Systematic Deposit Plan.
- Click on ‘Stop SDP’.
- Verify your details with the OTP sent to your registered mobile number and proceed to submit your request.
You can also visit the service portal by clicking on the ‘Stop your SDP’ option below. Once you are signed-in, select your SDP from the ‘My Relations’ section. You can then click on ‘Stop SDP’ and proceed.
Please note if your SDP has a joint account holder, both the account holders need to verify the OTP when you raise a request to stop SDP.
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You can also apply for a loan against your Systematic Deposit Plan by visiting our customer portal – My Account. Click on the respective link to know more.
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Check your Systematic Deposit Plan
Sign-in to our customer portal in a few clicks and find your SDP details.
Frequently Asked Questions
The maturity amount gets transferred to the bank account linked with your systematic deposit plan on the maturity date. This transfer takes place only through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes. However, if the payment with respect to your payout bounces, you shall be informed through a phone call or email and requested to change your bank account details.
If you notice any discrepancies on your systematic deposit plan statement of account, please raise a request with us.
Your systematic deposit maturity amount gets transferred to the bank account linked with your systematic deposit plan (SDP) on the maturity date. This transfer takes place only through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes.
However, in case of a payment failure, you will receive a communication on your registered mobile number and email id, requesting you to change your bank account details.
