When I started my career, bank deposits used to give 16-18 percent.
Then it fell to 13-15 percent, thereafter it fell to 9-10 percent.
Today they are available at 7-8 percent.
I have no doubt that 3-5 years down the line, bank fixed deposit rates could be 4-5 percent.
But will you be happy with 4-5 percent returns?
-said Nilesh Shah,MD Kotak Mahindra AMC