New Delhi, Aug. 23 -- In the current geopolitical environment of immense volatility and unpredictability, fixed deposits remain a trustworthy and preferred avenue for senior citizens to earn predictable, hassle-free returns. This is of immense importance because, after retirement, an individual's earning potential generally decreases.

Still, before locking into a particular fixed deposit investment, senior citizens should diligently check the respective banking institution, its financial resilience, their chosen tenure and investment horizon, as these factors can directly affect the interest earned.

Currently, prominent small finance banks (SFBs) across the nation are offering rates of up to 8.50% for specific tenures. Equitas Small Fin...