Diabytes
PMVVY News
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Pradhan Mantri Vaya Vandana Yojana is a social security scheme.
It has been brought by the Government of India on May 26, 2020.
The scheme is being operated by the LIC.
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Investors can start receiving pensions as soon as they turn 60 under the Pradhan Mantri Vaya Vandana Yojana.
Investors have been assured a return of 7.40 % per annum for the ongoing financial year.
Investors need to invest a minimum of Rs 15 lakh to receive a monthly pension of Rs 9250 for 10 years.
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The scheme promises an assured rate of return of 7.40% p.a. payable monthly.
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PMVVY is a social security scheme for senior citizens intended to give an assured minimum pension to them based on an assured return on the purchase price / subscription amount.
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