New Delhi, April 23 -- When you are retired or close to retirement in a few years the first concern for many is maintaining stable savings and a reliance income. Senior citizens in particular looking for steady payouts and guaranteed returns can consider fixed income schemes that provide some financial security.

The investment provides a good and steady pad up to your pension stream with regular payouts and is an attractive option at a time when active earnings from employment has tapered.

You may have invested in more risky options such as equities during your employment, but near or post-retirement is the time to shift focus from growth to stability. It is for this consistency and dependability that fixed-income investments factor in ...