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Pension Scheme: Married people will get 18 thousand rupees every month, Government started this scheme, details here

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If both husband and wife want, they can take advantage of it after the age of 60. Let us know how through this scheme husband and wife together can avail guaranteed pension of Rs 18,500 every month. The best thing is that after 10 years your entire investment will also be returned.


The Pradhan Mantri Vaya Vandana Yojana, run by the Modi government, is a special scheme for pension after retirement. Monthly pension is guaranteed in this. This scheme was started by the Modi government on 26 May 2020. Investments can be made in this till 31 March 2023. There is a fixed interest on your investment, based on which the monthly pension is decided. If both husband and wife want, they can take advantage of it after the age of 60. Know how through this scheme every month husband and wife together can avail the benefit of guaranteed pension of Rs 18500. The best thing is that after 10 years your entire investment will also be returned.

What is PMVVY scheme?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme and pension plan and it has been introduced by the Government of India. But it is operated by the Life Insurance Corporation of India (LIC). Under Pradhan Mantri Vaya Vandana Yojana, the maximum investment limit has been fixed at Rs 15 lakh.

If both husband and wife have crossed the age of 60, then they can invest 15 lakhs separately. Earlier the limit of investment by a person was Rs 7.5 lakh, which was later doubled. Under this scheme, senior citizens get more interest on investment as compared to other schemes. In this scheme, people of 60 years or above can choose monthly or annual pension plan.

How to get pension of Rs 18500

If both husband and wife want to take advantage of this scheme separately, then both will have to invest Rs 15 lakh in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of Rs 30 lakh. There is 7.40 percent annual interest on this scheme. At this rate, the annual interest on the investment would be Rs.222000; If it is divided equally in 12 months, then it will be Rs 18500, which will come to your home in the form of monthly pension.

If only one person wants to take advantage of this scheme, then the annual interest on 15 lakh investment will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back after 10 years

Pradhan Mantri Vaya Vandana Yojana is for 10 years. Till then you will continue to get monthly pension on your deposited money. If you remain in the plan till the policy term of 10 years, then after 10 years your entire investment will be returned. By the way, after the start of the scheme, you can surrender it anytime.

This is how you can invest

In Pradhan Mantri Vaya Vandana Yojana, you can apply both online and offline. You can apply online by visiting the official website of LIC. The first installment of pension will be received after 1 year, 6 months, 3 months or one month after you invest. Pension depends on which option you choose. Pension of Rs 1000 to Rs 9250 per month is provided on the basis of investment. In all general insurance schemes, 18% GST is levied on term insurance. But GST is not levied on Pradhan Mantri Vaya Vandana Yojana.

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