PM Vaya Vandana Yojana – PM Vaya Vandana Yojana Application Form

By | November 2, 2019
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PM Vaya Vandana Yojana is a type of Pension Scheme for the Senior Citizens of India Around Age 60. The Scheme is Announced by the Government of India. This Scheme offers a Pension Payout for 10 Years at a Specific rate and this Scheme also gives the Deaths benefits but the policy is for only a short period of time and will be End in march 2020.

PM Vaya Vandana Yojana

Benefits of Pradhan Mantri Vaya Vandana Yojana

  • This Scheme is responsible for the return of  8 % of Pay Monthly for 10 years
  • The scheme is free from the Service tax
  • Pension will be payable at the end of the period for 10 years
  • The Scheme allows paying for any type of illness and medical Treatment
  • After the Death of the pensioner during the scheme, the amount will be paid to the beneficiary

Eligibility

  •  Minimum Age – 60 Years
  • Maximum Age – No Maximum Age Limit
  • Investment – Max 15 Lakhs
  • Policy Duration – 10 Years

Pension

  •  Minimum Pension Rs

1.Monthly – 1000 INR

2.Quarterly – 3000 INR

3.Half Yearly -6000 INR

4.Yearly – 12000 INR

  • Maximum Pension Rs

1.Monthly – 10000 INR

2.Quarterly – 30000 INR

3.Half Yearly -60000 INR

4.Yearly – 120000  INR

Features

  • The payment can Be Completed with the NEFT and online Payment
  • Almost 90 % of Purchase price cab be paid back
  • No Maximum Age Entry
  • Assured return of 8 %
  • Maturity Benefits are given in returns

Documents Required for the PM Vaya Vandana Yojana

  •  Copy of the First page of passbook or Cheque Leaf
  • Copy of Address proof
  • Pan Card Copy

Other Related Things

  • Free Look Period – The policy offers of free look period  before investing of 15 days and 30 days at offline so that you can do all research ion it and invest your money successfully
  • Payments of Pension – Provide you the pension for 10 years
  • The Scheme Offers a Maturity Benefits
  • Offers you a Death Benefits
  • This Scheme allows you to Surrender your policy at any time if you require money

CLICK HERE For more information and Pradhan Mantri Vaya Vandana Yojana Application Form Download

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