The RBI announced a status-quo on policy rates.
This is the second successive policy where interest rates are on hold.
The signals now are that there could be some decline in interest rates.
In the next few quarters you are likely to get lower interest rates.
According to experts the RBI may cut repo rates early next year.
Some banks like Axis and PNB have cut deposit rates marginally.
Therefore, it is the ideal time to invest in fixed deposits for the long-term.