## Pradhan Mantri Vaya Vandana Yojana

**Pradhan mantri vandana yojana online form**

Have you ever thought? About a scheme where not only the returns are good but our retirement is also secured. If we talk about the normal senior citizen FD in the bank, then we get an interest of about 5 to 6 percent in it.

But here if we go towards good returns and rates, then there we get a higher risk factor. So now most of us get confused as to how to secure our retirement.

So there is a solution for this too. Yes, we are talking. Very popular scheme of Govt. Prime Minister Vandana Yojana is a very good scheme for senior citizens.

Before knowing about all the features and benefits of this scheme, what is this Pradhan Mantri Vandana Yojana? Pradhan Mantri Vaya Vandana Yojana

This is a scheme run by the government for senior citizens, which was launched in 2007. This scheme is regulated by LIC. That is why this scheme is also very safe and secure.

When this scheme was launched, this scheme was available to the people only till 31st March, 2 thousand 20.

But now it has been extended till 31st March, 2 thousand 23. But the way this scheme is becoming popular among the people.

According to that, it can be extended further. Let us now know how much is the maturity period of this scheme, the maturity period of Pradhan Mantri Vandana Yojana is 10 years. That is, your money will be locked for 10 years from the time of investing.

In this scheme, you will continue to get a fixed pension for 10 years, which can be called interest income and you get all the deposited money back on completion of 10 years.

If you know what is its interest rate, then if we talk about August 2022, then the current interest rate is running at 4 percent. Pradhan Mantri Vaya Vandana Yojana

Its interest rate at that time was eight percent, but due to the decline of the economy, the interest rate was also reduced.

So what is the current rate in this scheme that four percent gives a little more clarity about the interest of this scheme? If we opt for a monthly pension option in it, that is, we want to.

If we keep getting pension amount on a monthly basis, then the interest which we have is seven point four percent, but if we use annual pension, then the interest rate we will get here, we will get seven points six. Pradhan Mantri Vaya Vandana Yojana

If we will get an interest of seven to five percent, then we can choose the option of our pension according to our convenience.

By the way, I liked the option of an annual pension here because here seven points get more interest of six percent. But you can choose any option at your convenience.

Let us know about the loan facility available in this scheme, so it will be a special thing within the scheme. Pradhan Mantri Vaya Vandana Yojana

We also get loan according to your investment, as much as you have invested. We can get loan amount up to 75% of that. Suppose we have invested 10 lakh in this, then we can get a loan of 75 percent i.e. up to ? 5 lakh.

If you want to take a loan for less than that, then you can take less. You know that how we get pension in this scheme and how much we get, then in this we would have got four options for pension. Pradhan Mantri Vaya Vandana Yojana

Monthly, Quarterly, Semi, Annualy or Actually, you can select your option according to your convenience, but what is to be noted here is that once you have selected your option, now you can not change the option again.

Suppose we have selected the option of a Monthly Pension. After a couple of years we feel that we have to change.

If we continue to get pension, then such an option is not available later, then whenever you select the option at the first time, then choose it wisely because our pension amount is going to be disassembled according to it.

What is the minimum and maximum amount one can invest? Talking about that, the maximum can now deposit up to ? 15 lakhs and if we talk about the minimum investment, then no direct option has been given here for the minimum.

That is, you should get a minimum pension of? 12,000. According to that, you can select your option, then what is the calculation of the minimum deposit.

Let’s know then you can see the minimum price, then if you want monthly pension then your minimum pension should be ? 12,000 i.e. 12,000 for a year and your monthly pension should be ? 1,000. will become 1,62,162. Pradhan Mantri Vaya Vandana Yojana

For a monthly pension of ? 1,000, you will have to deposit one lakh sixty two thousand ninety two rupees and if you deposit ? 15 lakh, you will get a monthly pension of ?9250 and if you want to take quarterly pension 15 Above lakhs, you will get a pension of ? 27,750, but your actual deposit amount will be ? 14,79,933.

Let us now know what is the eligibility to invest in this scheme, who can invest in it, any Indian person whose age is more than 60 years.

He can invest in it because this scheme which is specially run for senior citizens, you also get the facility of joint account in it. Pradhan Mantri Vaya Vandana Yojana form

Both husband and wife can open together and both can deposit their own 15-15 lakhs in it.That is, the total deposit can be ? 30 lakhs and in that case, the monthly pension that was getting on depositing ? 15 lakhs can be ? 18,500 instead of ? 9250.

Let us now know how to invest in this scheme. Although this scheme belongs to the Government of India, but LIC regulates this scheme, so we can invest in this scheme in two ways. First you can invest by visiting the official website of LIC.

Apart from this, you can also invest in it offline, then you can invest in it by visiting the nearest branch of LIC or you can also purchase your policy through any LIC agent.

If you know what is the rule of premature withdrawal in Pradhan Mantri Vandana Yojana. Although after investing in this scheme, your money is locked for 10 years, but there are some conditions. Pradhan Mantri Vaya Vandana Yojana

In that condition, you get the facility of premature withdrawal ie premature withdrawal. For example, if the account holder or his partner suffers from any life-straightening disease, then in that case the money can be withdrawn prematurely.

That is, money can be withdrawn ahead of time, but here we are not given full money. A penalty of 2% is charged on it and the rest is given to us.

Along with this, if the account holder dies, then in that case that account is closed and the entire money is returned to the nominee. No penalty is charged in this case