PMVVY Details of the Vaya Vandana Yojana Scheme: This program’s deadline is March 31, 2023. In such a situation, you might provide yourself with the gift of a secure future this holiday season.
Pradhan Mantri Vaya Vandana Yojana: Everyone begins to plan for retirement at the same time they begin a new job. People no longer receive a monthly salary at the age of 60, yet their costs remain the same. In this case, you can invest in the Pradhan Mantri Vaya Vandana Yojana, a fantastic program of the Modi administration, to ensure that you won’t run out of money in the future. This program was launched on May 4, 2017. You have until March 31, 2023, to invest in this pension plan if you’d like to get the monthly pension benefit as well. The Life Insurance Corporation of India (LIC) manages this program while keeping in mind the requirements of the nation’s senior citizens. This scheme’s initial investment cap was set at Rs 7.5 lakh; it has since been increased to Rs 15 lakh.
Let us inform you that Pradhan Mantri Vaya Vandana Yojana is receiving interest,
Under the PMVVY program, the government offers investors a 7.40% return. The unique feature of this scheme is that both the husband and the wife can invest in it. The top investment amount is between Rs. 15 and 15 lakhs. If you and your wife invest Rs. 15 lakh in such a situation, you will receive Rs. 18,300 in pension as a pension each month once you reach the age of 60.
How long can you invest in
the deadline – March 31, 2023, is when this scheme’s date will expire. In such a situation, you might provide yourself with the gift of a secure future this holiday season. Make a minimum contribution of Rs 1.50 if you want to receive a monthly pension of Rs 1,000. On the other hand, if you invest Rs 15 lakh for both your wife and wife, you can receive a pension of Rs 9,250 after investing Rs 15 lakh and Rs 18,500 after 60 years of investment.
Apply for the scheme in this way:
The Pradhan Mantri Vaya Vandana Yojana is only available for ten years, let us make it clear. For ten years, you receive a pension each month. You will then receive your entire payment returned. If a policyholder passes away before the 10-year mark, you will receive the entire basic amount. With this, you can end the scheme at any point after beginning it. In contrast, you can get a pension on a monthly, quarterly, half-yearly, or annual basis. To apply for this program, stop by the LIC office.
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