Free PMVVY Update 2023 : इन विवाहित जोड़ों को पीएम वय वंदना योजना के तहत मिलेंगे 18,500 रु की मासिक पेंशन

PMVVY Update 2023: Pradhan Mantri Vaya Vandana Yojana Pension (Pradhan Mantri Vaya Vandana Yojana) scheme was announced by the Central Government on May 26, 2020! As the name suggests! This Vaya Vandana Yojana (PMVVY) allows married couples to get a secure monthly pension.

This scheme is operated by the Life Insurance Corporation of India and married couples can invest in the scheme till March 31, 2023! Married couples can take advantage of the scheme when they are 60 years old. Couples can easily get Rs 18,500 monthly pension! through the scheme mentioned below.

PMVVY Update 2023

In the Pradhan Mantri Vaya Vandana Yojana Pension Scheme (Pradhan Mantri Vaya Vandana Yojana), a married couple can invest a maximum of Rs 15 lakh after crossing the age of 60 years!

Earlier, a person could invest a maximum of Rs 7.5 lakh in this Vaya Vandana Yojana (PMVVY)! Which was later increased by the government!

Married couples above the age of 60 years can opt for this pension scheme as it offers higher interest to senior citizens as compared to many other schemes.

Both husband and wife can avail

If the couple has crossed the age of 60 and wants to invest! So he can separately invest up to Rs 15 lakh in this Pradhan Mantri Vaya Vandana Yojana! Under this, both can invest up to Rs 30 lakh. The maximum interest of 7.40 percent is being given in this scheme.

In this scheme (PMVVY) people aged 60 years or above can opt for monthly or annual pension scheme.

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Benefits of Pradhan Mantri Vaya Vandana Yojana

In Pradhan Mantri Vaya Vandana Yojana (Pradhan Mantri Vaya Vandana Yojana), the first installment of pension is paid after 1 year, 6 months, 3 months or 1 month from the date of purchase! That depends on the method chosen!

Apart from the guaranteed pension at the rate of 7.4% payable monthly, the policy provides death benefit of return of purchase price (PMVVY) to the beneficiary in case of death of the pensioner during the policy term.

Pradhan Mantri Vaya Vandana Yojana

To get a pension of Rs 18,500 every month, both husband and wife will have to invest an amount of Rs 15 lakh in Pradhan Mantri Vaya Vandana Yojana! The total amount invested by the couple will be Rs 30 lakh. The couple will get a pension of Rs 2,22,000 annually on this Vaya Vandana Yojana (PMVVY) at an annual interest rate of 7.40%!

PMVVY Update 2023

In Pradhan Mantri Vaya Vandana Yojana (Pradhan Mantri Vaya Vandana Yojana), if you divide Rs 2,22,000 by 12! So you will get a monthly pension of Rs 18,500! If only one person invests Rs 15 lakh in this Vaya Vandana Yojana (PMVVY), then the monthly return will be Rs 9,250! Significantly, this scheme is for 10 years.

Will get full money after 10 years

Your investment in this scheme (PMVVY) is for 10 years! You will be given annual or monthly pension (Monthly Pension Scheme) for 10 years! If you remain in this scheme for 10 years, then after 10 years you will get your investment back. You can surrender anytime in this Pradhan Mantri Vaya Vandana Yojana!