A few years back, fixed deposits (FDS) were presented by some public sector (PSU) banks with floating premium rates on the guidance of the minister of finance. In spite of the fact that there were relatively few takers around then, its presently that the investors engage for these items has begun going up.
This is due to the bounce in the investment rate structure in the later past because of the RBI's rupee stabilization endeavors. Since investors accepted that the spike was impermanent, they didn't expand the rates altogether. Investment rate viewpoint This is not to say that floating rate deposits are terrible as an idea, yet since the business sector resolved rates are now at more elevated amounts, fixed rates are better choice Investment rate computation.
The way in which banks process the premium rate on floating rate FDs is the most discriminating angle and, hence, investors need to experience it deliberately.