Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

IS THE RIGHT TIME TO INVESTMENT IN FD FOR 3-5 YEARS

445 views

Save Share

Join Us Follow Us Add as Source

Raghu9

MBA

64 Points Posted on 06 July 2024

Hello all

I am senior citizen ,

Please advise is the right to invest in FD of PSU banks for 3 to 5 years or wait till December ?

Is there any possibility to increase in FD rates in few months

Please advise

Replies (2)

Quick Summary

A senior citizen is seeking advice on whether now is the opportune moment to invest in Public Sector Undertaking (PSU) bank Fixed Deposits (FDs) for a 3-5 year term. They are also inquiring about the likelihood of FD interest rates increasing in the coming months and whether it would be prudent to wait until December to invest.