If both husband and wife invest in it together, then they will get Rs 18,300. Monthly pension is available.
Pensioners Pension, LIC PMVVY Scheme: If you have reached the category of Senior Citizen, then it is important for you to know the new update. The last date of Pradhan Mantri Vaya Vandan Yojana of Life Insurance Corporation of India is now near. This date is March 31, 2023. Under this government scheme, senior citizens get a higher interest rate for saving. Pension benefits are also available.
What is this scheme?
Pradhan Mantri Vaya Vandana Yojana was launched by the Government of India in 2017. This scheme is for citizens above 60 years of age, which also gives guaranteed pension. Senior citizens investing under this scheme also get the benefit of pension to meet their expenses. 15 lakh under the scheme. Can be deposited up to
Terms and condition
The minimum age for investing in this should be 60 years. The time limit of the policy is ten years. Under this scheme, senior citizens will get at least one thousand rupees every month. 3 thousand rupees for a quarter, 6000 rupees for six months and 12 thousand rupees for a year. The maximum pension received every month is Rs 9,250.
How much interest will be received
Under the Pradhan Mantri Vandan Vaya Yojana, the annual interest is 7.4 percent. If people above 60 years of age invest up to Rs 15 lakh, then they will get Rs 9,250. Pension is available every month. If both husband and wife invest in it together, then they get Rs 18,300. Monthly pension is available.
