New Delhi, July 7 -- Ojas is not someone who is ever perturbed. His friends regard him as cool and unflappable. There's a certain edge to him, a swagger that makes him stand out.

Ojas is in sales and has been a top performer for most of his illustrious career, which is coming to a close. He has some investments but hasn't paid much attention to his personal finances. His elder brother Tejas has been managing his investments.

Once he retires, he will need a regular income to meet his expenses. Tejas has told him about several options such as fixed deposits (FDs), bonds, non-convertible debentures (NCDs), the Post Office Monthly Income Scheme, the Senior Citizen Savings Scheme, through which he can earn a regular income in retirement. The...