Fixed Deposits continue to enjoy their popular status among senior citizens, even as the Reserve Bank of India (RBI) Monetary Policy Committee announced a repo rate hike by 25 bps points on February 8, bringing good news for senior citizens as the fixed deposit (FD) interest rates appeared to be on an upward trajectory. Fixed deposits are highly sought after by senior citizens as they offer regular cash flow with minimal risks. However, it is important to note that FD rates differ from bank to bank and on the tenure of the investment.