Is interest rate on fixed deposits expected to test 15% Annualy?

Question

it was around 2% per month by post office few years back!

Answer 1

People on this site are from many different countries.  What country are you talking about?

Answer 2

may be yes or may be know. But it was never 24 % p.a. in post office. at least not in the last forty years.,

Answer 3

Interest on NSCs was 12% some time back when the amount got doubled in 6 years. Today it is 8%. How can you expect it to double.

Also there is no hope for interest rates on FDs to go up. If interest rates on deposits are raised then the lending rates will also have to go up. This is not a good scenario for the economy.

Answer 4

with inflation also at 11% pa, intt effectively is =ZERO.

Answer 5

In my country it was 15% annually for many years