By investing in Pradhan Mantri Vaya Vandana Yojana (PMVVY), you can easily arrange pension for yourself. This scheme is closing from April 1, so you have only time till March 31, 2023 to take advantage of this scheme.
PMVVY is a pension scheme for citizens of 60 years and above. You can arrange pension for yourself by depositing a lump sum amount in this scheme. We are telling you about this scheme…
Both husband and wife can take advantage of the scheme
Both husband and wife can invest. The investment limit in the scheme is per senior citizen and not per family. No policy holder needs a medical checkup to invest in this scheme.
Minimum pension of 1 thousand rupees in this
In this scheme, a minimum pension of Rs 1 thousand and a maximum of Rs 9,250 is available every month. For a pension of 1 thousand rupees a month, you will have to invest about 1 lakh 50 thousand rupees in this scheme. At the same time, for a pension of Rs 9,250, Rs 15 lakh will have to be deposited.
Documents required for investing in it
To invest in Pradhan Mantri Vaya Vandana Yojana, you will have to submit the following documents along with the form. Copy of PAN card, copy of address proof (Aadhaar, passport etc.), copy of check or copy of first page of bank passbook so that pension money can come in your account.
Where can I take advantage of the scheme?
Government has tied up with LIC for this scheme, so you can meet LIC office or agent to invest in this scheme. LIC has also issued a toll free number for this. You can get information related to this scheme by calling 1800-227-717.
