Is this the right time to invest in floating rate FDs to benefit from rising interest rates?

[IndiaInsurance]

https://img.etimg.com/photo/96126053.cms (https://economictimes.indiatimes.com/wealth/invest/is-this-the-right-time-to-invest-in-floating-rate-fds-to-take-benefit-from-rising-interest-rates/articleshow/96126053.cms)The repo rate hikes are yet to be transmitted completely in FD rates of a good number of banks. Therefore, we are likely to witness frequent hikes in FD rates for at least few more quarters. The possibility of a significant reduction in interest rate looks highly unlikely. Floating rate FDs do appear to hold promise in such a scenario if we go by face value. But is it really so?

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