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PMVVY INTEREST RATE
Senior citizens can invest extra Rs 15 lakh in SCSS from April 1, 2023 but PMVVY to close from same datePMVVY currently offers retirees the option of investing up to Rs 15 lakh to earn near-risk-free returns. However, till now there has been n...- LIC Pradhan Mantri Vaya Vandana Yojana to close for investment on March 31: Pension benefits, taxation, interest ratePension payments under the PMVVY plan are made in accordance with the pay-out option that the investor chose when the funds were put in the...
- Top 7 investment options for senior citizens who want regular incomeHere are seven popular investment options that senior citizens can consider for a regular income.
- New income tax rules and other money related changes effective from April 1, 2022The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...
- PMVVY pension scheme: This important feature is due for reset on April 1Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The interest rate has been kept unchang...
- Investing in PMVVY LIC pension scheme will not help in tax savingThe scheme allows premature exit during the policy term under exceptional circumstances like the pensioner requiring money for the treatmen...
- Where should I invest Rs 60,000 to earn 12-15% return over the next three years?To earn double-digit annual returns, you will need to invest your corpus in equity mutual funds. Equity is a volatile asset class and curre...
- Good news for senior citizens: PM Vaya Vandana Yojana pension scheme extended till March 31, 2023Pradhan Mantri Vaya Vandana Yojana scheme offered by LIC of India gives a guaranteed payout of pension at a specified rate for 10 years. It...
- With the FD interest rates falling, where should I invest my money now?To ensure maximum capital protection, opt for funds with maximum exposure to AAA-rated or sovereign bonds. You can consider Aditya Birla Su...
- Two investment options offering more than 7% for senior citizensFor senior citizen investors, safety and returns play an important role while choosing an investment product. For that, they can consider t...
- Where to invest now when interest rates are fallingA look at the options available to senior citizens/retirees who depend on it to meet their financial needs.
- Risk-free investment avenues for better returnsConsidering one's age and risk appetite, one can shift from bank FDs to floating rate funds.
- How to earn monthly income of Rs 40,000 from Rs 56 lakh investment?" To earn a pre-tax monthly income of Rs 40,000 on an investment of Rs 56 lakh, you need an annual return of 8.5%."
- Which mutual fund schemes should I invest for 6-12 months?Liquid funds can generate around 6-7% returns in a year, while low duration funds can give 7-9%.
- How should I invest my retirement corpus of Rs 1 crore to earn a monthly income of Rs 50,000?Invest in products that match your risk appetite. You should also consider factors like taxation, frequency of payouts and lock-in period.
- How much pension will Rs 10 lakh give per monthET Wealth tells you how much you are likely to earn if you invest Rs 10 lakh in an annuity plan compared to other options such as SCSS, PMV...
- Budget 2018: FM proposes to increase PMVVY limit to Rs 15 lakh, seniors to benefitBudget 2018 proposes to increase investment limit to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.
- New pension scheme offers 'respectable' returns to elders: FM Arun JaitleyPMVVY is a pension scheme exclusively for senior citizens (aged 60 years and above) which is available from May 4, 2017 to May 3, 2018.
- New pension plan for elderly with 8% returnThe scheme is open to people aged 60 years and above. It can be purchased offline as well as online through the state-run Life Insurance Co...
- Modi's gift to senior citizens: Should one invest in the 8% assured LIC pension scheme?The PMVVY has a term of ten years and provides a return in the range of 8 to 8.3 percent depending on the mode of pension that one chooses.
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