SDP interest rate – Check the latest systematic deposit plan rates in India
Individuals interested in regular savings can opt for Monthly Maturity Scheme and earn monthly income, for individuals looking for a lump-sum payment a Single Maturity Scheme is a profitable investment choice over other market-linked financial products to get capital protection and better returns at a high-interest rate.
Check the latest SDP interest rates offered by Bajaj Finance Limited here:
| Fixed Deposit Annualized rate of interest for deposits up to Rs. 5 crore (w.e.f 14 November, 2024) | ||
| Tenor in months | Below 60 years | Senior citizens |
| 12 - 23 months | 7.40% | 7.65% |
| 24 - 35 months | 7.80% | 8.20% |
| 36 - 60 months | 8.10% | 8.35% |
| Fixed Deposit Annualized special rate of interest for deposits up to Rs. 5 crore (w.e.f 14 November, 2024) | ||
| Tenor in months | Below 60 years | Senior citizens |
| 15 months | 7.45% | 7.70% |
| 18 months | 7.80% | 8.05% |
| 22 months | 7.90% | 8.15% |
| 30 months | 7.45% | 7.70% |
| 33 months | 8.10% | 8.35% |
| 44 months | 8.25% | 8.50% |
Rate benefits basis customer category (w.e.f 14 November, 2024)
Additional rate benefits up to %$$FDscFDextrarate$$% for senior citizens
With Systematic Deposit Plan by Bajaj Finance you can enjoy flexible tenors, periodic interest payouts, loan against SDP and attractive interest rates. Those below 60 years of age can earn interest rates up to 8.25% by investing online, whereas senior citizens can get secured returns of up to 8.50%
Start your monthly investment journey to enjoy high interest rates and multiply your savings.
Features of Systematic Deposit Plan
Interest rate |
up to 8.50% |
Minimum Tenor |
1 Year |
Maximum Tenor |
5 Years |
Deposit Amount |
Min- Rs. 5,000 |
Application Process |
Easy online paperless process |
Online Payment Options |
Net Banking and UPI |
Frequently asked questions
Only cumulative option of interest payment is available under SDP. The interest will be compounded annually, and the maturity amount will be subject to deduction of tax, wherever applicable.
Interest will be paid on the basis of cumulative scheme in Systematic Deposit Plan.
In cumulative scheme, the interest will be compounded annually and deposited to your bank account at the time of the maturity along with principal. The accumulated interest will be subject to deduction of tax, wherever applicable.
The interest amount gets transferred through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) modes to the bank account registered with BFL.
However, if the payment with respect to your payout bounces, you shall be informed through a phone call & email.
