Bank investment: Now is a very good opportunity for Axis Bank customers to invest money. Because recently Axis Bank has increased the interest rates.
Apart from this, you are also provided interest as per the period and money is also given accordingly. In this scheme you can deposit money for 10 years.
Apart from common citizens, senior citizens can also invest in Axis Bank FD scheme. Under this scheme, any person can open an account with a minimum of Rs 5,000.
But here you have to pay a little attention. Meaning, if you make FD online then you will have to make FD of at least Rs 5 thousand.
Whereas if you want to make an FD by going to any branch of Axis Bank, then in such a situation you will have to make an FD of at least Rs 10,000.
You will get this much interest
If a common man makes an FD for 7 days to 14 days, then Axis Bank will give him 3 percent interest while to senior citizens it will provide 3.50 percent interest.
Apart from this, if a common person invests for 11 months and 24 days, he gets interest up to 6 percent and senior citizens get interest up to 6.50 percent.
If you invest for 1 year and 4 days, then you will be provided interest ranging from minimum 6.70 percent to maximum 7.20 percent
If you deposit money for 16 months to 17 months, then interest will be given up to 7.10 percent for the general public and up to 7.60 percent for senior citizens.
On investing money for 5 to 10 years, the common man will be given interest up to 7 percent. Apart from this, interest up to 7.75 percent will be given to senior citizens.
You will get this much money by investing Rs 1 lakh
If you want to invest Rs 1 lakh in Axis Bank Fixed Deposit Scheme for 5 years, then you will get a total interest of Rs 41 thousand 478 at the rate of 7 percent and on maturity you will get Rs 1 lakh 41 thousand 478.
In this scheme, if a senior citizen invests Rs 1 lakh for 5 years, then in such a situation he will get Rs 46 thousand 784 as interest at the rate of 7.75 percent and on maturity the entire amount will become Rs 1 lakh. 46 thousand 784.
You will get this much money by investing Rs 2 lakh
If a common person invests Rs 2 lakh for 5 years, then he will get full interest of Rs 82 thousand 956 at the rate of 7 percent. Apart from this, Rs 2 lakh 82 thousand 956 will be given on maturity.
Suppose if a senior citizen invests Rs 2 lakh for 5 years, then he will get Rs 93 thousand 569 as interest for 5 years at the rate of 7.75 percent and the total amount on maturity will be Rs 2 lakh 93 thousand 569.
