Pradhan Mantri Vaya Vandana Yojana (PMVVY) Online Apply, Benefits, Interest Rate

Pradhan Mantri Vaya Vandana Yojana (PMVVY) Online Apply, Eligibility, Benefits, Interest Rate, Registration

“Oldage is the new Childhood” and to keep our old age people and senior citizens happy we must ensure their every need is satisfied. To keep your grandparents happy and safe you must assure their safety with the Pradhan Mantri Vaya Vandana Yojana.

The Pradhan Mantri Vaya Vandana Yojana is a new government scheme for people of or above 60 years of age. The scheme is now extended up to 31st March 2023. The pension might vary from Rs.1000/- to Rs.5000/- per month depending on the purchase. Pension Yojana is managed by the Life Insurance Corporation Of India.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2021

Government SchemePradhan Mantri Vaya Vandana Yojana (प्रधानमंत्री वय वंदना योजना)
Eligibility Criteria60 yrs or above
Launched ByNarendra Modi
Online RegistrationActive
BenefitsAssured Return

Pradhan Mantri Vaya Vandana Yojana Eligiblity Criteria

Almost every Senior Citizen is eligible for the Pradhan Mantri Vaya Vandana Yojana but to specify it further the scheme is available for those who are-

  • An Indian Citizen
  • Identity Card.
  • The age limit – Muust be of 60 yrs or above.
  • The Policy term is of 10 years (completed)
  • The investement shall be under the limit of 15 lakhs.
  1. Minimum Pension:
    • Rs. 1,000/- per month
    • Rs. 3,000/- per quarter
    • Rs. 6,000/- per half-year
    • Rs.12,000/- per year. Inve
  2. Maximum Pension:
    • Rs. 9,250/- per month
    • Rs. 27,750/- per quarter
    • Rs. 55,500/- per half-year
    • Rs. 1,11,000/- per year

Pradhan Mantri Vaya Vandana Yojana Benefits

There are a ton of benefits of this Yojana. Stating a few are mentioned below-

  • Assured return of 8- 8.3%.
  • Fixed sum transferred at regular period of time.
  • When,10 years are completed you will get the final amount.
  • 75% loan can be covered in case of medical emergencies (after 3 years.)
  • In case of medical emergencies (self and spouse), you can withdraw 98% of the purchase price.
  • If the candidate is passed out, the nominee will get the wholw amount.

Pradhan Mantri Vaya Vandana Yojana Documents Required

Before applying for the Pradhan Mantri Vaya Vandana Yojana 2021. You must keep all the documents ready on your device so it’s handy for you to go with the application procedure. The list of essential documents are mentioned below-

  • Aadhaar card
  • Age Proof Certificate- PAN /AADHAR/ Birth Certificate
  • Address Proof
  • 2 Passport size photo of the candidate
  • Retirement Documents.

Pradhan Mantri Vaya Vandana Online Registration Form

If you wish to apply for the Pradhan Mantri Vaya Vandana Scheme then, you must follow the procedure mentioned below-

You can register in both the forms i.e Online and Offline.

To register through Online Mode, Follow the procedure

Pradhan Mantri Vaya Vandana Yojana

Step 1- Log in to the official Website of LIC https://licindia.in/

Step 2- Search of Pension and Group Schemes.

Step 3- A new tab will reopen. Log into the portal.

Step 4- Fill the form correctly.

Step 5- Submit your form.

Step 6- Your registration has been successfully completed.

To, register through Offline Mode

Step 1- Visit the LIC company.

Step 2- Talk to the manager about the scheme and its policies.

Step 3- Fill the form and submit it.

Step 4- Your registration will be completed.

Who are the beneficiaries of PMVVY?

Senior citizens of 60 yrs or above.

When did PMVVY start?

It was started in May 2017

What is the Pension Amount of PMVVY?

Depending on the scheme it varies.

  • Rs. 1,000/- per month
    • Rs. 3,000/- per quarter
    • Rs. 6,000/- per half-year
    • Rs.12,000/- per year. Inve
  • What are different Government Schemes?

    PMVVY
    Atal Pension Yojana
    Madhu Babu Pension Yojana

    Pradhan Mantri Latest Yojana (2021)

    To get the daily update about the scheme and upcoming updates. you can turn on the notification on your mobile or laptop of our website to get daily updates. Hope this Yojana works wonders for you!

    Official SiteClick Here
    NNVNS (Govt Schemes)Know More Govt Schemes

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