Bajaj Finance : Systematic Deposit Plan
Bajaj Finance has launched a monthly savings plan.
Investors in the Systematic Deposit Plan can choose a tenure ranging from
one to five years.
However, unlike bank recurring deposits where the rate is fixed, here the
interest rate is floating.
The rate prevailing on the date of investment every
month will apply.
Systematic Deposit Plan
When investing in fixed deposits, you need to
invest a lumpsum amount in a single go. However, we all need a stable and
secure monthly investment option, where we can deposit a fixed amount regularly
to create a corpus over time, in a disciplined manner.
To fulfil this need, Bajaj Finance now offers a Systematic Deposit Plan, wherein you can invest in small monthly deposits. The interest rate prevailing on the date of every deposit will be applicable to that particular deposit.
To fulfil this need, Bajaj Finance now offers a Systematic Deposit Plan, wherein you can invest in small monthly deposits. The interest rate prevailing on the date of every deposit will be applicable to that particular deposit.
·
Features and Benefits
of Bajaj Finance Systematic Deposit Plan
Here are the features
and benefits of Systematic Deposit Plan:
·
Interest Rate
The interest rate
prevailing on the date of each monthly deposit will be applicable to that
particular deposit.
·
Tenor
Bajaj Finance
Systematic Deposit Plan has tenor options ranging from 12 months to 60 months.
You even have an option to choose any one of these three days to make your
monthly deposit – 3rd, 7th or 12th of each month. However, the date
you choose once, will remain fixed for the rest of the deposits.
·
Minimum Deposit
You can look at an
deposit of Rs. 5,000 monthly to start a Systematic Deposit Plan.
·
Payment Method
You need to make the
first payment by account payee cheque so that the bank account gets registered.
Subsequent payment for deposits will be deducted from the depositor’s bank
account through NACH mandate issued in favor of BFL and duly registered with Depositor’s
Bank
·
Pre-mature Withdrawal
Premature withdrawal
is permitted for either one or more deposit under the SDP provided the FD has
completed more than 3 months from the date of its issuance. Current RBI
regulations on premature withdrawal will be applicable.
·
Loan Against Deposit
You may also avail
loan against each deposit under SDP as per the applicable norms.
·
High Stability and Credibility
A Systematic Deposit
Plan with Bajaj Finance is one of the safest deposit options for depositors.
Bajaj Finance FD is accredited with the high credit ratings from CRISIL and
ICRA,so your investments are at lowest risk.
Make a smart deposit choice with a Systematic Deposit Plan with Bajaj Finance, and keep getting guaranteed returns.
Make a smart deposit choice with a Systematic Deposit Plan with Bajaj Finance, and keep getting guaranteed returns.
·
Disclaimer
“As regards deposit
taking activity of the company, the viewers may refer to the advertisement in
the newspaper/ information furnished in the application form for soliciting
public deposits”
The company is having a valid Certificate of Registration dated 5th March 1998 issued by Reserve Bank of India u/s 45-IA of the RBI Act. However, 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
The company is having a valid Certificate of Registration dated 5th March 1998 issued by Reserve Bank of India u/s 45-IA of the RBI Act. However, 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
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