PRADHANAMANATRI VAYAVANDANA SCHEME  -
Guaranteed pension PLAN            

PUBLIC PROVIDENT FUND     NSC/KVP      BANK DEPOSITS    CORPORATE DEPOSITS   CORPORATE BONDS 

FOR NEWS ON INTEREST RATE CHANGES  , CLICK HERE    
FOR LATEST   BANK DEPOSIT  INTEREST RATES , CLICK HERE 

  FOR INTEREST RATES ON ALL SMALL SAVINGS ACCOUNTS     , CLICK HERE      
​FOR INCOME TAX NEWS , CLICK HERE               FOR BANKING NEWS  CLICK HERE     FOR NEWS ON IPO , NCD ETC  , CLICK HERE 

​

PRADHANAMANTRI VAYAVANDANA SCHEME

​Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme launched by the Government of India for senior citizens aged 60 years and above. The scheme provides a guaranteed pension for 10 years and is administered by the Life Insurance Corporation of India (LIC).
Under PMVVY, senior citizens can invest a lump sum amount in return for a guaranteed pension at a specified rate of interest. The minimum investment amount is Rs. 1.5 lakh, and the maximum investment amount is Rs. 15 lakh.
The scheme provides a fixed rate of interest of 7.4% per annum payable monthly for the entire duration of 10 years. The pension amount is directly credited to the bank account of the policyholder. In case of death of the policyholder during the policy term, the purchase price of the policy is refunded to the nominee.

​PMVVY aims to provide social security to senior citizens and ensure a dignified life after retirement. The scheme is available until March 31, 2023.

---

NEW ARTICLE PUBLISHED 
              TAX PLANNING FOR FY 2022-23 ( AY 2023-24 ) 
Comprehensive   Article on Income tax changes in Rules, Rates , Slabs , Rebates  and Estimation 

CLICK HERE TO READ 
​

FOR READING ARTICLE  TAX ON RETIREMENT BENEFITS , CLICK HERE 

PRECAUTIONS TO BE TAKEN WHILE INVESTING STOCK MARKETS , CLICK HERE 

FINANCIAL PLANNING FOR YOUNG  , CLICK HERE ​     HOW TO LINK AADHAR WITH PAN ?  CLICK HERE ​      

Compare Fixed Deposit Interest rates offered by various banks  before investing  

                                            VISIT :    LATEST BANK DEPOSIT INTEREST RATES - A  COMPARISON 

HAPPY TO  RECORD  
www.plannprogress.com has crossed
                                                     5,00,000   PAGE VIEWS  
THANK ALL READERS , WELL WISHERS   WHO HAVE HELPED US TO REACH  THE MILESTONE 

TO ESTIMATE YOUR CURRENT YEAR TAX LIABILITY  AND REBATES YOU CAN UTILISE      
​VISIT     TAX PLANNING 

TO KNOW  ABOUT  TAX ON RETIREMENT BENEFITS   , CLICK HERE 

​TO KNOW ALL ABOUT IT RETURNS  , CLICK HERE 
 
​HOW TO LINK AADHAR TO PAN ?   CLICK HERE 

PLAN YOUR FINANCE PRUDENTLY  . For Financial Planning , CLICK HERE ​

DISCLAIMER

We are not SEBI  registered advisor and the the articles contained in the website , including this page , is not an investment advice .  In case if you are interested in Investing , you  may contact your Financial Advisor for  the same . We  cannot be held for any loss arising out  of your investment  made as per the article . ​