New Delhi, Aug. 31 -- Ashok Sadhu, 68, a retired bank employee, is seeing his expenses go up gradually due to covid-19-related issues and his earnings dwindle as interest rates are going down.

With a fixed amount saved up for his retirement, he is starting to worry about whether he can sustain his lifestyle in the future. "My wife and I lead a pretty simple life, but since we have been ordering things online after the lockdown, the slightly higher prices are starting to add up," he said. Most of his investments are into debt instruments such as fixed deposits (FDs) and Senior Citizen Savings Scheme, and falling rates are adding to his woes.

Like Sadhu, a lot of retirees are seeing their retirement funds being hit from both ends. We expl...