What Are The Benefits Of Bajaj Finance SDP Plan

Benefits of Systematic Plan for Depositors

 

Interest Rates: The interest rate prevailing on the day of each monthly deposit will apply to it individually. The rates will vary depending on the tenor of the deposits. 

Tenor: NBFCs have tenor options ranging from 12 months to 60 months. In the case of the Monthly maturity scheme, the date once chosen; applies universally to all deposits but for Single maturity, as mentioned earlier it reduces after the 1st one to collectively mature on a single day. 

Minimum Deposit: In SDPs, you can start small with a minimum deposit of just Rs 5000. 

Premature withdrawal: This is permitted for one or more deposits provided the FD has completed more than 3 months from the date of its issuance. 

 

Now, the exact strategy could be formed using the minimum deposits option alongside the FD Calculator. Investing money is about understanding that different strategies work for different people. But what if you chose to make a near-perfect plan? Suppose you have a Capital of Rs 50,000 and you diversify it by giving Rs 35,000 to FD's and the balance Rs 15,000 to SDPs. 

 

By investing with Bajaj Finance  you could avail all the benefits mentioned above and also you will be able to meet your BOTH long and short-term needs. There is enough explanation why fixed deposit is the best monthly scheme.

 

Read More :- A complete guide on beginners investing strategies