After retirement, many people have trouble with their day to day expenses. That’s why we are going to tell you about one such scheme of the central government. In which you will get a pension of Rs 9250 every month. Through which you will be able to live your life easily after retirement. Actually, here we are going to tell you about the Pradhan Mantri Vaya Vandana Yojana, in which there will be no tension after retirement after investing. Let’s know about this plan…
How to invest – Pradhan Mantri Vaya Vandana Yojana is a government pension scheme. Which is being run by Life Insurance Corporation of India. This scheme was started on 4th May 2017 by the Central Government keeping in mind the senior citizens. There is an exemption to invest in this scheme in lump sum or every month.
PMVVY gets so much interest – In this scheme of the central government, interest is given at the rate of 7.40 percent per annum. In which a fixed pension can be obtained every month by depositing a lump sum. Let us tell you that earlier the limit of investing lumpsum in this scheme was Rs.7.5 lakhs. Which has now been increased to Rs 15 lakh.
Income of Rs 9250 per month will be – The maximum monthly pension amount under PM Vaya Vandana Yojana is Rs 9250. You can take it as half yearly pension of Rs 27,750 and if you want annual pension then you will get Rs 1.11 lakh. But for this you have to deposit 15 lakh rupees in PMVVS scheme. The maturity of this scheme is 10 years. If the husband and wife are investing together in the scheme and the investment amount is Rs 30 lakh, then Rs 18,500 thousand will be received as pension every month.
Who can invest – Any Indian citizen who is above 60 years of age can do PM Vaya Vandana Yojana. You will not have to undergo any kind of medical examination to invest in this scheme. Whereas, if the investor dies in the middle of the plan, the nominee gets the full amount back. Apart from this, there is also a facility to take loan after three years in this scheme.