New Delhi, July 16 -- Senior citizens looking to earn attractive returns from fixed deposits (FDs) can still secure interest rates of up to 8.5%, even after several banks trimmed deposit rates in recent months. While small finance banks continue to lead the pack with the highest FD rates, a number of private, public sector and foreign banks also offer competitive returns across tenures ranging from one year to 10 years.

For senior citizens, even a marginal difference in interest rates can translate into substantially higher earnings over time, particularly on large deposits. Comparing FD rates across banks before investing can help maximise interest income without increasing investment risk.

Small finance banks continue to offer the mos...