PMVVY: People are always worried about life after retirement. Keeping this in mind, the Central Government started the Pradhan Mantri Vaya Vandana Yojana scheme. If you start investing in this at the right time, then every month you will get a good amount in the form of pension. Let’s know the details-
The maximum investment that can be made in this scheme is Rs 15 lakh. If the age of both husband and wife is more than 60 years, then in such a situation both the people can take advantage of this scheme. One can invest in this scheme for a maximum period of ten years. Pensioners will also get loan facility after completing 3 years.
| pension option | Rate of interest |
| monthly | 7.40% |
| quarter | 7.45% |
| half yearly | 7.52% |
| annually | 7.60% |
How to invest
You have to visit the official website of LIC for this scheme. Or you can also take advantage of this through an agent. If you buy this insurance offline, you will have 15 days to return it, while buying online will have 1 month.
What is the plan
If any person invests Rs 1,62,162 then he will get 1 thousand rupees every month for 10 years. Similarly, if someone invests Rs 15 lakh, then he will get Rs 9,250. But be careful that once you have selected the payment option, it cannot be changed again.
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