Bank Interest Rate – Get double profit on any investment if you have an account in this bank.

 Are you looking for a secure investment option that not only doubles your money but also offers additional benefits? Look no further than bank fixed deposits (FDs). Investing in FDs can yield high returns, especially when interest rates are on the rise.

Axis Bank has recently announced a lucrative investment scheme that promises to double your money. While it is true that longer-term investments often yield higher returns, even short-term FDs can earn you decent interest rates. For instance, investing in FDs for 7 to 45 days can earn you 3.5% interest. If you keep your money in the scheme for 46 days to 60 days, the interest rate goes up to 4%, and for 61 days to 3 months, you can expect to earn 4.5% interest.

If you're a senior citizen, you stand to gain even more. Axis Bank offers an impressive 7.85% interest rate to senior citizens, while regular FDs for 13 months to 2 years earn 6.75% interest. With a senior citizen's FD, you can earn 7.5% interest.

But that's not all. The bank's highest interest rate is currently set at 7.26%, with senior citizens enjoying an even higher rate of 8.01%. If you invest in a fixed deposit for 10 years, you could earn up to Rs. 21,54,563 at the rate of 7.75%. That's a total interest of Rs. 11,54,563! Even a common man can earn a respectable 7% interest in 10 years.

If you invest Rs. 10 lakhs for 10 years, you can earn a staggering Rs. 20 lakhs at an interest rate of 7%. FDs make it easy for senior citizens to double their money, so invest with confidence. Plus, investing in FDs is a safe and secure option that guarantees your returns.