Should you go for FRTDs?

If you get the advantage of rising rate, you may be put to a disadvantage if the interest rates start falling again. Though in the current scenario the fall is appearing to be a distant thing but over the medium-term things can change. If your time horizon is medium term of up to 3 years, then going for a floating rate FD may give you the advantage of above average return during this period. However, for any period longer than this, there is the higher risk of interest rate reduction.