New Delhi. By reaching the age of 60, people keep their deposits in a safe and secure scheme and keep trying to get better returns. In such a situation, the Pradhan Mantri Vaya Vandana Yojana of the Central Government is proving to be a panacea for such elderly people. The special feature of this scheme is that if the person deposits the lump sum amount at the age of 60, then the pension starts immediately. The principal is returned to him after 10 years.
You also get this pension continuously for 10 years only. In this, the interest rate is given higher than that of FD, due to which this scheme is becoming quite popular.
The advantage of this scheme is also that after 10 years if you want to invest money in any other item then you are free. The period of this scheme was over, which has now been extended by the government till 31 March 2023. That is, if you invest till March 31, 2023, the benefit of this scheme can be taken for the next 10. The principal amount remains safe in this plan. Income tax is also available on this investment. However, the return received is outside the purview of exemption. At present, the interest rate in this is 7.4 percent.
Know how to get 10 thousand rupees every month:
In this scheme, if you invest 15 lakhs of your hard earned savings, then you get 10 thousand rupees as pension every month. At the same time, your 15 lakh rupees remains safe in the account. If both husband and wife have invested together and the investment amount is 30 lakh rupees, then both husband and wife together will get 20 thousand rupees per month. The term of this policy is 10 years.
This information is also very important:
In this plan, after 10 years, you get back the principal amount. If the person buying the policy dies within these 10 years, the principal amount goes into the account of the nominee. If you want more information related to the scheme, then you can call on the phone number 022-67819281 or 022-67819290. LIC has also issued a toll free number for this.
You can get information related to this scheme by calling on the number 1800-227-717. Loan can also be taken against this plan: Loan up to 75% of the purchase price can also be availed through this policy. This loan facility can be availed only after the completion of 3 years of the policy term. With this plan, an emergency withdrawal of up to 98% of the purchase price can also be made.
