Fixed deposits rate change

Pushpak Lal (Student CA Final ) (286 Points)

25 March 2016  
Sir/ Madam, suppose i take an FD of Rs 1 Lakh on 15-Apr-15 for 1 year @ 8.75 % . Now The FD rates are changed for 1 year to 9% from 8.75 % . Is it possible that i take advantage of it, without foreclosing it.?