HDFC Systematic Savings Plan (SSP)

[narayan]

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Looking to invest in safe security and good return
1- Medium(24 months) to long term(60 months) assured market related return product,
2- Through Systematic Investment Method,
3- Invest as little as Rs. 2000 per month,
then HDFC Systematic Savings Plan (SSP) is the product for you. SSP would be very attractive as compared to other instalment product available for medium to long tenures, both for investors and distributors.

Product Features:-
Eligibility:
All Resident individuals can open the SSP account. SSP currently available at select centres where ECS facility is available.
Monthly Savings Plan:
SSP is a monthly savings plan where one can save as little as Rs. 2000 per month and accumulate a larger capital for future needs.
Convenience:
SSP provides the convenience of ECS (Debit clearing) facility where the monthly savings amount is automatically transferred from the account-holder's bank account to the SSP account every month on a pre-determined date.
Flexibility:
Depositor has the flexibility to choose any deposit period between 24 and 60 months to plan the future needs.
Accumulation of interest:
Interest will be accrued and credited (net of TDS) on 31st March every year.
Rate of Interest:
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Source - HDFC (http://hdfc.com/deposits/systematic_savings_plan.asp)

[Mukulz]

Is there any entry load or exit load as in MFs?

[Policy_expert]

Is there any entry load or exit load as in MFs?
It is a fixed term plan like FD, no entry and exit load but you cannot exit before the time frame you have selected.