Senior Citizen Scheme: Important news for senior citizens. Today we are going to tell you about such a scheme in this news. In which you can get a pension of Rs 9,250 every month. But you can take advantage of this only till the 31st.
If you are 60 years old then this news is especially for you. Actually there is a scheme of the Government of India Pradhan Mantri Vaya Vandana Yojana (PMVVY). This scheme is operated by Life Insurance Corporation of India (LIC).
This scheme has been created with the aim of giving pension benefits to the elderly. In this scheme, the amount of pension is given to the elderly according to their investment. Through this scheme, any senior citizen can get a pension of up to Rs 9,250.
If you also want to take advantage of this scheme, then you have very little time left for the application. You can get the chance to apply in this only till March 31, 2023. After this, even if you want, you will not be able to take advantage of this scheme. Know here the special things related to this scheme.
Pension according to investment-
Under Pradhan Mantri Vaya Vandana Yojana, a minimum monthly pension of Rs 1000 and a maximum of Rs 9250 can be taken. How much pension you will get depends on your investment. A maximum of Rs 15 lakh can be invested in the scheme. If you invest Rs 1.50 lakh, then you are given Rs 1000 monthly as pension, whereas if you invest Rs 15 lakh, you get Rs 9,250 as pension. If both husband and wife together invest Rs 15 lakh each, then you can get up to Rs 18,500.
Calculation of pension of Rs 18,500-
At present, in PMVVY, senior citizens get interest at the rate of 7.4 percent. If you invest Rs 15 lakh in this scheme, then you will get a total of Rs 1,11,000 according to the annual interest of 7.4 percent. If you divide this amount in 12 parts, then a total of Rs 9,250 will be made. In this way you will get Rs 9,250 as pension every month. On the other hand, if husband and wife invest Rs 15 lakh each i.e. a total of Rs 30 lakh, then both will get Rs 9,250 separately i.e. a total of Rs 18,500 as pension.
Pension benefit for 10 years-
Any person 60 years or older can invest in Pradhan Mantri Vaya Vandana Yojana. After investing, you can take advantage of pension for 10 years. The invested amount is returned along with the final payment of pension after 10 years. But if you want, you can surrender anytime before 10 years after the start of this scheme. In this, you are also given the option of monthly, quarterly, half-yearly and annually to get pension. You can choose this option of your own free will.
application system-
To apply for the scheme, one has to apply by visiting the official website of LIC. If you want, you can also apply offline. The first installment of pension will be received after one month, three months, six months or one year of your investment. It depends on which option you have chosen for pension, monthly, quarterly, half yearly or yearly.
