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PMVVY SCHEME
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...
- List of government pension, insurance schemes for Indian citizensAs per the Economic Survey, “it is important to protect citizens from risks posed by rainy days, such as health issues, natural disasters, ...
- Pradhan Mantri Vaya Vandana Yojana (PMVVY): Who can apply, purchase price, how to buyApplications for Pradhan Mantri Vaya Vandana Yojana are being accepted till 31 March 2023. This scheme is offered by LIC and has a tenure o...
- 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...
- 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...
- LIC modifies PM Vaya Vandana Yojana pension scheme for senior citizens: Check the details herePMVVY scheme is offered only by Life insurance Corporation (LIC) of India. The scheme gives a guaranteed payout of pension at a specified r...
- I invested in PMVVY in Mar, cheque was encashed in Apr. Will I be registered under the new scheme?Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme offered by LIC of India gives a guaranteed payout of pension at a specified rate for 10 y...
- 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...
- Cabinet decisions will help several citizens, strengthen efforts towards a self-reliant India: PM Modi"During today's Cabinet meeting, important decisions were taken which are focused on welfare of migrants, senior citizens, easier availabil...
- Hurry! This LIC pension scheme that can provide Rs 10,000 a month will end March 31Pradhan Mantri Vaya Vandana Yojana pension scheme, meant for senior citizens, is available only till March 31.
- Aadhaar becomes mandatory for PMVVY schemeFinance Ministry's notification suggests that if Aadhaar authentication fails due to poor biometrics or other reasons, then other methods f...
- How to invest in Pradhan Mantri Vaya Vandana YojanaIt is a pension scheme available for senior citizens offering a guaranteed payout of pension at a specified rate for 10 years.
- 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%.
- 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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