Fixed Deposit Scheme: Usually people invest in FD for 1 or 2 years. But if you invest in FD for a long period, you can get bumper profits. Private sector Axis Bank and HDFC Bank are offering 7 percent interest to general customers on 10-year long term FD scheme.
Fixed Deposit Scheme: The common people of the country have many great options available for investment. These include many schemes like mutual funds, PPF, NPS, bank FD. But even today a large section of India considers bank FD (fixed deposit) to be the safest investment. In bank FD, investors have to invest for a fixed period, on which they get fixed and guaranteed returns. Due to fixed and guaranteed returns, common people trust bank FD the most.
Money will more than double on 10-year FD
Usually people invest in FD for 1 or 2 years. But if you invest in FD for a long period, you can get bumper profits. Private sector Axis Bank and HDFC Bank are offering 7 percent interest to general customers on 10-year long term FD scheme. The most special thing about this period is that at this interest rate, you can invest as much money as you want for a period of 10 years, you will get more than double the money on maturity.
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How much money will you get on maturity on making FD in Axis Bank
If you make an FD of Rs 10,00,000 in Axis Bank for 10 years, then you will get Rs 20,01,597 on maturity. Let us tell you that Axis Bank is giving 7.75 percent interest to senior citizens on 10-year term FD scheme. If a senior citizen invests Rs 10 lakh in this term FD scheme, then he will get Rs 21,54,563 on maturity.
How much money will you get on maturity if you make an FD in HDFC Bank
Similarly, if you make an FD of Rs 10,00,000 in HDFC Bank for 10 years, then you will get Rs 20,01,463 on maturity. Let us tell you that HDFC Bank is giving 7.50 percent interest to senior citizens on FD scheme of 10 years duration. If a senior citizen invests Rs 10 lakh in this FD scheme, then he will get Rs 21,02,197 on maturity.
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