Options for Generating Regular Monthly Income for Retirees in India

Indian retirees seeking regular monthly income can consider various government-backed and investment-linked schemes tailored to different risk profiles and financial goals. Options include the Atal Pension Yojana for low-income workers, the market-linked National Pension System, and government schemes like the Senior Citizens Savings Scheme and Post Office Monthly Income Scheme. Experts recommend a diversified approach combining these schemes, fixed deposits, and debt mutual funds to generate sustainable income, with estimates suggesting a corpus of Rs 2-2.5 crore is needed to secure Rs 1 lakh monthly over 20 years accounting for inflation and taxes.