New Delhi, April 13 -- Fixed deposits remain a cornerstone of financial security for senior citizens, particularly in the current geopolitical environment, where the peace talks between the US and Iran collapsed after marathon negotiations in Pakistan.

Against this backdrop, senior citizen fixed deposit (FD) schemes can offer citizens stable returns, low risk and predictable income. Prominent public sector banks (PSUs) are providing competitive interest rates for retirees, ensuring both safety and a steady flow of income in a rapidly evolving interest rate environment.

Note: Interest rates are based on data available as of April 2026 from official bank websites. For individual applicants, the rates may vary depending on tenure, deposit ...