New Delhi, Aug. 2 -- The benchmark equity markets in India have underperformed due to the ongoing US-Iran and Russia-Ukraine wars. The Russia-Ukraine war is now more than 4 years old. These factors have resulted in the disruption of supply chains, the escalation of international disputes, and the rise in inflation and oil and commodity prices.

In this backdrop, for senior citizens across the nation seeking safe, predictable returns, the choice often narrows to the well-known Senior Citizen Savings Scheme (SCSS) and fixed deposits (FDs) offered by small finance banks.

Both investment options share several similarities and distinctions. This is because they provide investors with assured returns, but they differ significantly in safety, r...