{"id":11923,"date":"2021-04-17T00:07:00","date_gmt":"2021-04-16T18:37:00","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11923"},"modified":"2021-04-17T14:07:11","modified_gmt":"2021-04-17T08:37:11","slug":"pradhan-mantri-vaya-vandana-yojana-pmvvy","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/pradhan-mantri-vaya-vandana-yojana-pmvvy\/","title":{"rendered":"Pradhan Mantri Vaya Vandana Yojana (PMVVY) \u2605 Excellent Pension Plan for Senior Citizens"},"content":{"rendered":"\n<p><strong>Pradhan Mantri Vaya Vandana Yojana<\/strong> or <strong>PMVVY<\/strong> was first announced in Budget 2017 and launched on May 4, 2017. The scheme was open till March 31, 2020 but has now been extended to March 31, 2023 [Budget 2020]. In this post we review the new <strong>Pradhan Mantri Vaya Vandana Yojana<\/strong> and check if senior citizens should invest in this?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Pradhan Mantri Vaya Vandana Yojana Terms and Conditions<\/h2>\n\n\n\n<ul><li><strong><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Minimum age for investment is 60 years<\/span><\/strong><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">There is no Maximum age for entry<\/span><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">It gives <strong>return of 7.40% compounded monthly<\/strong>. <\/span><em>[This interest is applicable for purchase in FY 2021-22 i.e. till March 31, 2022]<\/em><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">You can choose to <strong>receive pension monthly, quarterly, half yearly or annually<\/strong><\/span><\/li><li><strong>The maturity period is 10 years. <\/strong>At the end of maturity period the investment amount. would be returned.<\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The pension payment shall be through ECS\/NEFT only<\/span><\/li><li><strong><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">On death of the policy holder, the premium is returned back to the nominee<\/span><\/strong><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>plan is available till March 31, 2023<\/strong><\/span><\/li><li>The <a href=\"https:\/\/www.apnaplan.com\/gst-life-insurance\/\" class=\"rank-math-link\">premium is exempted from GST<\/a><\/li><li><strong>LIC Plan Number: 842<\/strong><\/li><li><strong>UIN: 512G336V01<\/strong><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Padhan Mantri Vaya Vandana Yojana Interest Rate 2021<\/h2>\n\n\n\n<p>LIC has published the Padhan Mantri Vaya Vandana Yojana Interest Rate for FY 2021-22 as 7.4%. Essentially there has been no change in the interest rate from last year. This interest would be applicable for purchase until March 31, 2022.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/pradhan-mantri-vaya-vandana-yojana-interest-rate-2021-1024x647.png\" alt=\"pradhan mantri vaya vandana yojana interest rate 2021\" class=\"wp-image-12166\" width=\"768\" height=\"485\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/pradhan-mantri-vaya-vandana-yojana-interest-rate-2021-1024x647.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/pradhan-mantri-vaya-vandana-yojana-interest-rate-2021-300x189.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/pradhan-mantri-vaya-vandana-yojana-interest-rate-2021-768x485.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/pradhan-mantri-vaya-vandana-yojana-interest-rate-2021.png 1389w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption>pradhan mantri vaya vandana yojana interest rate 2021<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">PMVVY Purchase Price and Pension<\/h2>\n\n\n\n<p>The table below gives the minimum\/maximum purchase price and the respective pension that one would receive for 10 years. In case of PMVVY, the minimum and maximum investment is set up on the amount of pension. If you look in the table below the minimum pension that can be given in monthly option is Rs 1,000 and you have to invest Rs 162,162. Similarly the maximum monthly pension you could get with Pradhan Mantri Vaya Vandana Yojana is Rs 9.250. For that you need to invest Rs 15 Lakh.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th><strong>PMVVY Investment\/Pension Limit<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><\/th><th>Monthly<\/th><th class=\"has-text-align-center\" data-align=\"center\">Quarterly<\/th><th class=\"has-text-align-center\" data-align=\"center\">Half Yearly<\/th><th class=\"has-text-align-center\" data-align=\"center\">Yearly<\/th><\/tr><\/thead><tbody><tr><td>Minimum Investment<\/td><td class=\"has-text-align-center\" data-align=\"center\">Pension Amount<\/td><td>1,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">3,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">6,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,000<\/td><\/tr><tr><td><\/td><td class=\"has-text-align-center\" data-align=\"center\">Investment Required<\/td><td>162,162<\/td><td class=\"has-text-align-center\" data-align=\"center\">161,074<\/td><td class=\"has-text-align-center\" data-align=\"center\">159,574<\/td><td class=\"has-text-align-center\" data-align=\"center\">156,658<\/td><\/tr><tr><td>Maximum Investment<\/td><td class=\"has-text-align-center\" data-align=\"center\">Pension Amount<\/td><td>9,250<\/td><td class=\"has-text-align-center\" data-align=\"center\">27,750<\/td><td class=\"has-text-align-center\" data-align=\"center\">55,500<\/td><td class=\"has-text-align-center\" data-align=\"center\">111,000<\/td><\/tr><tr><td><\/td><td class=\"has-text-align-center\" data-align=\"center\">Investment Required<\/td><td>15,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,89,933<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,76,064<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,49,086<\/td><\/tr><\/tbody><\/table><figcaption>PMVVY Purchase Price and Pension &#8211; April 1, 2021 to March 31, 2022<\/figcaption><\/figure>\n\n\n\n<p><strong>The maximum investment limit is Rs 15 Lakh and the minimum limit is Rs 156,658. <\/strong>You can buy anything in between (including both amounts). <strong>The maximum limit above is for one family. Family here means spouse and the dependents.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-46820fe4\"><h4 class=\"uagb-notice-title\"><strong>How much Taxes you Need to Pay this Year? <\/strong>Download Our Income Tax Calculator to Know your Numbers<\/h4><div class=\"uagb-notice-text\"><p>Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the &#8220;NEW&#8221; tax regime or continue with the old one? In case you have all these questions just <a href=\"https:\/\/www.apnaplan.com\/income-tax-calculator-india\/\" class=\"rank-math-link\">Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23)<\/a> and get your answers.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Is Padhan Mantri Vaya Vandana Yojana Taxable?<\/h2>\n\n\n\n<p>People often get confused &#8211; Padhan Mantri Vaya Vandana Yojana Taxable? The answer is Yes. The pension received is added to your annual income and taxed based on your income tax slab.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">PMVVY Surrender Value<\/h2>\n\n\n\n<p>The <strong>policy can be surrendered under exceptional circumstances <\/strong>like&nbsp;money required for the treatment of any critical\/terminal illness of self or spouse . The Surrender Value payable shall be 98% of Purchase Price.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Loan on PMVVY<\/h2>\n\n\n\n<p><strong>Loan facility is available after completion of 3 policy years.<\/strong> The maximum loan that can be granted shall be 75% of the Purchase Price. The rate of interest to be charged for loan amount would be determined from time to time by LIC. For the loan sanctioned till 30th April, 2021, the applicable interest rate is 9.5% p.a. for the entire term of the loan. Loan interest will be recovered from pension amount payable under the policy.<\/p>\n\n\n\n<div class=\"wp-block-image size-full wp-image-8176\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg\" alt=\"Pradhan Mantri Vaya Vandana Yojana (PMVVY)\" class=\"wp-image-11924\" width=\"768\" height=\"384\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-300x150.jpg 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-768x384.jpg 768w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption>Pradhan Mantri Vaya Vandana Yojana (PMVVY)<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">PMVVY Free look-up period<\/h2>\n\n\n\n<p>If a policyholder is not satisfied with the \u201cTerms and Conditions\u201d of the policy, he\/she may return the policy to the Corporation within 15 days (30 days if this policy is purchased online) from the date of receipt of the policy stating the reason of objections.<br>The amount to be refunded within free look period shall be the Purchase Price deposited by the policyholder after deducting the charges for Stamp duty and pension paid, if any.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Padhan Mantri Vaya Vandana Yojana Pros and Cons<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The good<\/h3>\n\n\n\n<ol><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">This is a <strong>simple product with a guaranteed return<\/strong>.&nbsp;<\/span><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The scheme is guaranteed by Government of India and is managed by LIC. So<strong> it has safety of highest level.<\/strong><\/span><\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">As the economy develops the interest rates come down. Hence <strong>it\u2019s a good product to lock 7.4% interest rates for 10 years<\/strong>. However banks too offer fixed deposit tenure for 10 years.<\/span><\/li><li>The <strong>policy can also be surrendered before maturity<\/strong>&nbsp;for treatment of illness.<\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>75% Loan against policy<\/strong> can be a good thing for emergency liquidity needs.<\/span><\/li><li><strong>No GST<\/strong> on the premium paid for PMVVY unlike other pension products.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">The Bad<\/h3>\n\n\n\n<ol><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>pension you receive is taxable<\/strong>. This would be added to your income and taxed at your marginal tax rate, similar to fixed deposits.&nbsp;<\/span><\/li><li>The <strong>amount is locked-in for 10 years<\/strong>, so the money may not be available if required urgently (other than in case of illness)<\/li><li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>The pension is not adjusted to inflation.<\/strong> Assuming inflation at 7%, the purchasing power of Rs 5,000 would reduce to Rs 2,500 in 10 Years.<\/span><\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to Buy Pradhan Mantri Vaya Vandana Yojana?<\/h2>\n\n\n\n<p>You can buy&nbsp;<a href=\"https:\/\/licindia.in\/Products\/Pension-Plans\/Pradhan-Mantri-Vaya-Vandana-Yojana1\" target=\"_blank\" aria-label=\"Pradhan Mantri Vaya Vandana Yojana online through LIC website (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Pradhan Mantri Vaya Vandana Yojana online through LIC website<\/a> or contact LIC agent to buy it offline.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How PMVVY competes against other Investments? pradhan mantri vaya vandana yojana vs jeevan shanti<\/h2>\n\n\n\n<p><span style=\"color:#000000\" class=\"tadv-color\">There are few investments for senior citizens which they might evaluate before committing to PMVVY.  <\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pradhan Mantri Vaya Vandana Yojana vs SCSS<\/h3>\n\n\n\n<p><a href=\"http:\/\/www.apnaplan.com\/senior-citizens-savings-scheme\/\" class=\"rank-math-link\">Senior Citizens Saving Scheme<\/a> another very popular scheme for senior citizens offers 7.4% interest which is payable quarterly. This means SCSS interest is slightly lower than PMVVY as PMVVY pays the same 7.4% monthly. The other issue is with SCSS you can lock-in your investment for 5 years only. One advantage of SCSS is it&#8217;s eligible for tax benefit u\/s 80C.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-cb2c183f\"><h4 class=\"uagb-notice-title\"><strong><strong>Senior Citizens\u2019 Savings Scheme: An Excellent Investment <\/strong><\/strong><\/h4><div class=\"uagb-notice-text\"><p><strong><strong>Senior Citizens\u2019 Savings Scheme<\/strong><\/strong> or SCSS is an excellent investment for senior citizens for regular income and tax saving u\/s 80C. It is 100% safe as its backed bu Government of India, the interest paid is generally higher than bank fixed deposits and the investment is eligible for tax saving u\/s 80C. We explain <a href=\"https:\/\/www.apnaplan.com\/senior-citizens-savings-scheme\/\" class=\"rank-math-link\">the eligibility, process and do&#8217;s &amp; don&#8217;ts of SCSS in this post.<\/a><\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Pradhan Mantri Vaya Vandana Yojana vs fixed deposit<\/h3>\n\n\n\n<p>Bank Fixed Deposit is again a very popular investment option for senior citizens for regular income. As of today very few small financial banks are offering more than 7.4% and none of the traditional banks are going above 7%.<\/p>\n\n\n\n<ul><li>Jana Small Finance Bank offers 8.01% for 1188 Days \u2013 1191 Days deposits<\/li><li>Jana Small Finance Bank offers 7.75% for offers 8.01% for 1188 Days \u2013 1191 Days deposits<\/li><li>Suryoday Small Finance Bank has 7.75% for 5 years deposit<\/li><\/ul>\n\n\n\n<p>None of traditional banks offer interest rate of 7.4% on any tenure. Even small banks are offering so in limited tenures.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-309fe7b3\"><h4 class=\"uagb-notice-title\"><strong><strong>Get Highest Fixed Deposit Interest Rates<\/strong><\/strong><\/h4><div class=\"uagb-notice-text\"><p>Fixed Deposit with Banks is one of the most popular and convenient investment option. To help you choose the best, we <a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\" class=\"rank-math-link\">compare the interest rates on fixed deposit across all major 48 banks in India including government, private, foreign and small financial banks<\/a> in India every month. This may prove to be quite handy for you in <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">choose the Best Bank FD scheme<\/a>.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">PMVVY vs NCDs\/Bonds<\/h3>\n\n\n\n<p>There are <a href=\"http:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/ncds\/\" class=\"rank-math-link\">new issues of NCDs <\/a>which offer interest higher interest in the range of 8% to 10%. However there is some credit risk involved and you should only invest in these if you understand and can take such risks with your retirement money.<\/p>\n\n\n\n<p>You can also buy bonds from stock exchange through your demat account. However, the problem is the liquidity for these bonds are low and hence it\u2019s difficult to buy\/sell. However you can buy easily when they are issued.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">PMVVY vs Debt Mutual Fund<\/h3>\n\n\n\n<p>Regular income can be generated by investing in Debt Mutual Funds and then using <a href=\"https:\/\/www.apnaplan.com\/swp-debt-mutual-funds\/\" class=\"rank-math-link\">SWP (Systematic Withdrawal Plan)<\/a>. The returns are similar to fixed deposits of banks. It&#8217;s more suited if you are in highest tax bracket. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">PMVVY vs Tax Free Bonds<\/h3>\n\n\n\n<p>PFC, HUDCO, NABARD, IRFC etc had issued tax free bonds in the past and are available on exchanges with yields in the range of 4% &#8211; 5%. The bonds have residual maturity of 10 to 15 years. <strong>As the interest received is tax free, these turn out to be better investments for senior citizens in highest tax bracket.<\/strong> The interest payout is annual. Also all the companies are backed by Government of India and also AAA rated \u2013 hence safe for investment.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-28833d58\"><h4 class=\"uagb-notice-title\"><strong>How to generate Regular Monthly Income?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>There can be several situations when we <strong>look for regular income<\/strong>. This is especially true for people after retirement\u00a0without any pension. Also there would be new entrepreneurs who need regular income until their start-up stabilises. We tell you\u00a0<strong><a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/regular-income-investment\/\">13 investments which can generate regular income<\/a><\/strong> for you along with their pros and cons.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Should you invest in PMVVY?<\/h2>\n\n\n\n<p>In today&#8217;s scenario, there are almost NO investments like FD or Debt Funds, which competes with Pradhan Mantri Vaya Vandana Yojana. in terms of interest rates offered (and safety of investment). You may wait for next few months to see if there is any uptick in interest rates <em>(which I don&#8217;t see going as high as 7.4%)<\/em> from Banks in FDs as the interest rate of 7.4% on PMVVY would be valid till March 31, 2022. <strong>Our recommendation is PMVVY is a good and simple product especially for aged people looking for regular income after retirement and can be invested for regular income (albeit small and may cover just a part of your Monthly expenses).<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Pradhan Mantri Vaya Vandana Yojana FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1594553761733\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 How can I buy Pradhan Mantri Vaya Vandana Yojana?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>PMVVY is sold by LIC. It can be bought online through LIC&#8217;s website. In case you want to buy it offline, you can approach a LIC agent or LIC office.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1594554014324\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 What is maximum I can invest in Pradhan Mantri Vaya Vandana Yojana?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can invest maximum of Rs 15 Lakh in PMVVY. It will give a pension of Rs 9,250 every month. This limit is on family level (includes your spouse and any dependents).<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1594554015457\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 Can I take Loan on Pradhan Mantri Vaya Vandana Yojana?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Loan facility is available after completion of 3 policy years.<\/strong> The maximum loan that can be granted shall be 75% of the Purchase Price. The rate of interest to be charged for loan amount would be determined from time to time by LIC. For the loan sanctioned till 30th April, 2021, the applicable interest rate is 9.5% p.a. for the entire term of the loan. Loan interest will be recovered from pension amount payable under the policy.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1594554017529\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 Can I take surrender Pradhan Mantri Vaya Vandana Yojana?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The <strong>PMVVY<\/strong> <strong>policy can be surrendered under exceptional circumstances <\/strong>like\u00a0money required for the treatment of any critical\/terminal illness of self or spouse . The Surrender Value payable shall be 98% of Purchase Price.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1594554018237\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 is pradhan mantri vaya vandana yojana eligible for 80c?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No investment in Pradhan Mantri Vaya Vandana Yojana is not eligible for any tax benefit. There is misconception about it offering tax benefit u\/s 80C. For tax benefit and similar Interest rate you can look for <a href=\"http:\/\/www.apnaplan.com\/senior-citizens-savings-scheme\/\">Senior Citizens Saving Scheme<\/a>.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1618610828688\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 is pradhan mantri vaya vandana yojana extended?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes the scheme has been extended till March 31, 2023. Howe ver the interest rate may change at start of every financial year. For investment till March 31, 2022, the interest rate is 7.4%.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1618646445237\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 how to open pradhan mantri vaya vandana yojana?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can buy\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/licindia.in\/Products\/Pension-Plans\/Pradhan-Mantri-Vaya-Vandana-Yojana1\" target=\"_blank\">Pradhan Mantri Vaya Vandana Yojana online through LIC website<\/a> or contact LIC agent to buy it offline.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension plan for Senior Citizens offering 7.4% monthly interest for 10 years. Should you buy this plan for regular income?<\/p>\n","protected":false},"author":1,"featured_media":11924,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[393,3013],"tags":[],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg",1024,512,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-150x150.jpg",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-300x150.jpg",300,150,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-768x384.jpg",768,384,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg",1024,512,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg",1024,512,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY.jpg",1024,512,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/07\/Pradhan-Mantri-Vaya-Vandana-Yojana-PMVVY-120x120.jpg",120,120,true]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":3,"uagb_excerpt":"LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension plan for Senior Citizens offering 7.4% monthly interest for 10 years. Should you buy this plan for regular income?","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11923"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=11923"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11924"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}