INVESTMENT IN PENSION SCHEME UP TO 15 LAKHS

New Delhi, May 4, (way2newstv.in):

The Government has made major changes in the scheme of Prime Minister Vayalanda Yojana (PMVVY) Under this scheme, the limit of Rs. 7.5 lakhs has been increased to Rs. 15 lakhs. 8% interest on these investments is also paid. With a recent hike, the elderly will have a monthly pension of Rs 10,000. On the other hand, the deadline for the deposit is going to end on May 4 ... Now it has been extended for two years. That means the deposit is available until March 31, 2020. As many as 2.23 lakh elderly beneficiaries have been benefitted by the government until March, as part of the PMVVY scheme. This scheme is for Indians only 60 years old. This scheme applies to a 10-year period. No clinical trials are required to become partners in this scheme. 

INVESTMENT IN PENSION SCHEME UP TO 15 LAKHS

LIC India is supervising the management's responsibilities. The main goal of this scheme is to protect senior citizens from the interest rates. 8 percent interest for 10 years. Month, three months, six months and year pension schemes are available. Those who wish to receive a monthly pension of Rs 10,000, monthly pension for three months are required to get the maximum pension of Rs 30,000 and those who wish to pension a maximum of Rs. 60,000 per six months and will get a maximum of pension 1,20000 per one year State Bank of India has already paid a maximum of 7.25 percent to the elderly who are investing between 5 and 10 years. Financial experts advise that the scheme will be used for accurate revenue and the scheme is a higher return than fixed deposits.