There will be no changes to the existing deposits since the money is locked in with the FD provider at a specific rate and for a specified period. Therefore, you will continue to receive that rate until maturity. If you wish to avail of a new rate, we suggest you invest in a new deposit.
What happens if the prevalent FD rates come down or go up?
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.