PM Vaya Vandana Yojana 2022-23 । Apply Features Interest Rate
Friends, if you want to get pension every month by investing lump sum, then PM Vaya Vandana Yojana is a government pension scheme scheme for you.
PM Vaya Vandana Yojana launch date : This scheme is being run by Life Insurance Corporation of India – LIC. On May 4, 2017, The Government of India had launched the Pradhan Mantri Vaya Vandana Yojana keeping in mind the senior citizens of the country.
Your money will be safe in PM Vaya Vandana Yojana and by investing you will get a fixed pension every month.
PM Mantri Vaya Vandana Yojana Features
Pradhan Mantri Vaya Vandana Yojana is operated by Life Insurance Corporation of India (LIC).
Those people whose age is 60 years or more can get the benefit of this scheme.
This scheme can be applied through both online and offline means.
Through this scheme, guaranteed pension is provided to the beneficiary for 10 years.
If the beneficiary dies before the completion of 10 years, the purchase price will be returned to the nominee.
The purchase price along with the final amount of pension will be refunded after the completion of 10 years.
Pradhan Mantri Vaya Vandana Yojana Benefits
Only citizens who are above 60 years of age can take advantage of this scheme.
Through this scheme, individuals can get pension amount in yearly, half yearly, quarterly, and monthly form.
GST is not levied on PM Vaya Vandana Yojana.
On the death of the applicant, the benefit of the amount invested by the individual will be given to the nominee.
This plan is an investment plan.
Depending on the investment, citizens will be provided a pension of ₹ 1000 to ₹ 9250 per month.
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Pradhan Mantri Vaya Vandana Yojana Eligibility
- The minimum age of the applicant should be 60 years.
- Resident citizens of India can apply in Pradhan Mantri Vaya Vandana Yojana.
- Citizens will have to invest in the scheme for a period of 10 years.
- The maximum age limit of the persons to apply has not been fixed under the scheme.
PM Vaya Vandana Yojana Documents
- Aadhar Card
- Pan Card
- Proof of age
- Proof of income
- Proof of residence
- Bank Account Passbook
- Mobile number
Pradhan Mantri Vaya Vandana Yojana Interest Rate
Interest Rate: 7.60% p.a., 7.40% p.a.
Loan Tenure : 10 Years
Pension amount: 1,11,000 per annum, 9,250 per month
How to apply PM Vaya Vandana Yojana । Pradhan Mantri Vaya Vandana Yojana Apply
PM Vaya Vandana Yojana Offline Apply
- To apply for Pradhan Mantri Vaya Vandana Yojana Offline, the applicant has to contact the LIC branch.
- After this, get the application form from the branch manager.
- Now fill the information given in the application form.
- After filling all the important information one has to attach all his/her important documents with the form.
- After this the application form has to be submitted to the branch manager.
- In this way the process of registering in offline form will be completed by the citizen and he can pay the premium amount based on the option chosen by him.
PM Vaya Vandana Yojana Online Apply
Firstly the applicant has to go to the official website of LIC.
After visiting the LIC website, the home page will open in front of you.
On this home page, you will see the option of registration, you have to click on that option.
After this the application form will open in front of you.
After this, you have to fill all the information asked in the form like name, address, aadhaar number etc.
After filling all the information, you will have to upload all your documents and then finally click on the submit button.
In this way your online registration will be completed.
And in this way you can take advantage of this scheme.
Pm vaya vandana yojana calculator
Pradhan Mantri Vaya Vandana Yojana Helpline Number
TOLL FREE : 1800-227-717
EMAIL : [email protected]
Official website : licindia.in
FAQs, PM Vaya Vandana Yojana
FAQ, Pm Vaya Vandana Yojana
What is Pradhan Mantri Vaya Vandana Yojana ?
A- Pradhan Mantri Vaya Vandana Yojana is a government pension scheme scheme. This scheme is being run by Life Insurance Corporation of India (LIC). On May 4, 2017, the Government of India launched the Pradhan Mantri Vaya Vandana Yojana keeping in mind the senior citizens
What Is The Lock In Period Of Policy ?
The lock-in period in the PMVVY is for the entire 10-year tenure once you buy it
Can Multiple Senior Citizens Within A Family Purchase This Policy Separately ?
Any number of senior citizen above 60 years old can purchase this policy.