Rate of interest on fd

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Padmini Changediya (Querist)
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24 December 2015 What is the forecast for interest rates on fixed deposits in the next 2 years? Will the decline in rate stop or it will drop further or it will show an increasing trend?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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24 December 2015 Already FD Interest rate is Dropped Drastically I don‘t think it will Drop further, you can expect Increase Trend (Upward) in One or Two Year.

Padmini Changediya

Padmini Changediya (Querist)
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24 December 2015 Would it be better to lock funds in senior citizen saving scheme with interest rate of 9.3% for 5 years or invest in fd @ 8% hoping for a increase in interest rate?

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