Bonds are less volatile than equity. Thus, they are considered to be safer assets than stocks. The safety enjoyed from investing in bonds helps balance the overall riskiness of an investment portfolio. The entities issuing bonds make interest payments at predetermined fixed intervals and rates. Hence, bonds are a great way to earn a regular and predictable income. For this feature, bonds are better than fixed deposits for retirees. India’s bond market has developed significantly in recent years. Today, investors can choose from a large variety of bonds as per their investment requirements. Bonds are available in different maturities, issuers, tax-saving features, interest rate mechanisms, etc. Bonds are tradable instruments. Hence, they are more liquid than traditional fixed-income assets like fixed deposits and small savings schemes.