Pradhan Mantri Vaya Vandana Yojana: Saving now is very important to secure a future. You can also invest in the Prime Minister’s Vaya Vandana Yojana (PM Vaya Vandana Yojana). Once you invest in this scheme, you will get a fixed amount of pension every month. On maximum investment, you can get a monthly pension of 10 thousand rupees per month. Recently, the central government has increased the deadline of this scheme to 31 March 2023. In such a situation, you can also take advantage of this scheme.
What is Pradhan Mantri Vaya Vandana Yojana
The Pradhan Mantri Vaya Vandana Yojana was launched in the country on 4 May 2017. This scheme is a pension scheme available to senior citizens of the country. Under this scheme, senior citizens get a fixed rate of pension for 10 years upon opting for monthly pension.
Will these people benefit? (PMVVY Benefits)
Under the PMVVY scheme, senior citizens whose age is 60 years and above will get minimum pension on the basis of assured return on membership amount. In this scheme, along with the amount deposited, pension will also be given after the pensioner is alive for a policy term of 10 years.
What qualifications should there be? (Eligibility for PMVVY)
The age of senior citizen in PMVVY should be at least 60 years or more. The term of the policy will be 10 years. Senior citizens can invest a maximum of Rs. 15 lakhs. Under the scheme, you will get a minimum pension of one thousand rupees and the maximum pension of 10,000 rupees.
How to apply for PM Vaya Vandana Yojana
A form has to be filled under the PM Vayana Vandana Scheme. All the documents required with this form have to be attached. For this, a link to https://eterm.licindia.in/onlinePlansIndex/pmvvymain.do has to be used. Here you will see the registration option. After clicking on it, the application form will open. Here you have to fill all the information in the form. After this you have to click on submit. In this way your online registration will be completed.