Hello friends, if you want to secure your money for the future of your parents and find a scheme that has maximum returns on investment, you should all know about this “Vaya Vandana Yojana” of the central government. One time amount can be invested in this Vaya Vandana scheme launched by the government.
If you invest in this scheme for the future of your parents, you can get a monthly pension of Rs 10,000 per month on completion of the time period. Recently, the Central government has extended the deadline for this Vaya Vandana scheme till March 31, 2023. Before investing, you should get all the information about this scheme.
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Applicants investing in Pradhan Mantri Vaya Vandana Yojana should know how the scheme can actually be availed of. The central government’s plan also explains the certificates required to make the investment. If you are interested in investing after understanding this scheme, the application process below is also known.
Benefits of Investing in PM Vaya Vandana Yojan
The scheme has been launched by the Prime Minister of our country. The main objectives of the scheme are to provide monthly pension to senior citizens of the country. Under the scheme, the citizens will get pension continuously for ten years. After investing, the pension will be at one rate and will also be accompanied by a guarantee.
Death benefit is also available under this Vaya Vandana scheme. Under the scheme, the nominee is refunded on completion of the time period, and gets a fixed return of eight per cent. Ten years after investing in the scheme, the deposit is also refunded along with the final payment of pension.
Ten years after investing in the scheme, the deposit is also refunded along with the final payment of pension. You can take pension on monthly, quarterly, annual or annual basis, the tenure of this policy is for a maximum of ten years. This plan does not get tax exemption.
How much pension will be provided under Vaya Vandana Yojana
Senior citizens of 60 years or more can also invest in this vaya vandana scheme. Under the scheme, you will get a minimum pension of Rs 1,000 and a maximum pension of Rs 10,000.
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Now if you want to invest your money under this Pradhan Mantri Vaya Vandana Yojana, we have shared the application process below for all of you. It also contains information on what documents will be required while applying.
What certificates will be required for the application?
The applicant will need a copy of pan card
Copy of Aadhaar card or passport to show home address
Copy of first page of passbook so that pension can be transferred
How to apply in Pradhan Mantri Vaya Vandana Yojana?
All citizens who want to apply for this Pradhan Mantri Vaya Vandana Yojana can all fill up the online application form by visiting the official website of the scheme. In addition, you can apply for the scheme by visiting Jeevan Bima Nigam of India.
You can go there and fill the application form, correct all the information asked in the application form. Some of the above certificates will also have to be submitted along with the same form. All senior citizens can apply for the scheme from online.
That’s how you can invest in all the Vaya Vandana Yojana. After which you can also get a monthly pension of Rs 10,000. If you still have any questions about this plan, you can ask your question in the comments box below.
