31 March Deadline Pradhan Mantri Vaya Vandana Yojana Scheme Will Be Closed On 31 March 2023 Know Process To Apply

PMVVY 31 March Deadline: The central government keeps launching various schemes for senior citizens. The name of one of those schemes is Pradhan Mantri Vaya Vandana Yojana. This is a pension scheme under which investors get the security of guaranteed returns every month. This scheme is being run through Life Insurance Corporation of India. If you also want to take advantage of this scheme, you only have time till March 31. Actually, LIC has not taken any decision to extend the deadline of this scheme. In such a situation, you have only a few days left to take advantage of this scheme.

You get the benefit of pension according to the investment

The most special thing about Pradhan Mantri Vaya Vandana Yojana is that in this you get the benefit of minimum pension every month. The amount of pension depends on the amount invested. Under this scheme, one can get pension ranging from Rs 1,000 to Rs 9,9,250. On the other hand, if both husband and wife invest in this scheme, then they can get a pension of Rs 18,300. Interest is received at the rate of 7.4 percent on the amount invested in this scheme.

Some special features of PMVVY-

The investment limit in the scheme ranges from Rs 1.5 lakh to Rs 15 lakh. If you invest Rs 1.5 lakh, you will get a pension of Rs 1,000 on a monthly basis. At the same time, on investing Rs 15 lakh, a total pension amount of Rs 9,250 will be received. On the other hand, if both wife and wife invest together, then they can get a monthly pension of Rs 18,300 by investing a total of Rs 30 lakh. You get this pension monthly, quarterly, half yearly or annually. Money can be invested in this scheme for a total of 10 years.

Can’t invest after March 31, 2023

The deadline of this scheme is ending on March 31, 2023. In such a situation, if you are planning to invest in it, then this is your last chance. This wonderful policy of LIC will be closed from 1st April. It was launched by LIC on May 4, 2017.

How can invest in the scheme-

You can invest in Pradhan Mantri Vaya Vandana Yojana both online and offline. You can buy it offline by visiting any LIC branch. At the same time, investing in LIC’s website can also be done online. Keep in mind that if a person dies before the maturity of the scheme, then the money of that investor will be given to the nominee.

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