PM Vaya Vandana Yojana 2024: Main Points, Documents | प्रधानमंत्री वय वंदना योजना 2023

The Pradhan Mantri Vaya Vandana Yojana was launched by the Government of India for the senior citizens of the country. The scheme was launched in May 2017. Under this scheme, pension is being given to people of 60 years or more. With this, they are being provided 8 percent interest for 10 years. Under Pradhan Mantri Vaya Vandana Yojana, people are also getting good interest from the government on their investments. Apart from this, what benefits are being received in the scheme and how are they being received. Its information has been given to you in this article.

Pradhan Mantri Vaya Vandana Yojana 2024

Yojana Name	Pradhan Mantri Vaya Vandana Yojana 2024
Who Started	Central Government
When Started	2017
Benifits	Monthly Pension
Beneficiary	Indian Senior Citizen
Official Website	licindia.in
Helpline Number	022 6827 6827

What Is Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana is a kind of pension scheme. In which people of 60 years and above are getting pension by the government. This pension is fixed over the term of your policy. If someone has got a 10-year policy, then he is being given the benefit of 8 percent interest. Along with this, if the person chooses the pension of the year according to his convenience, then he is given 8.3 percent interest.

Pradhan Mantri Vaya Vandana Yojana Latest Update

For this scheme, the Union Cabinet has extended the investment deadline of Pradhan Mantri Vaya Vandana Yojana from 31 March 2020 to 31 March 2023. In this benefit scheme by the Life Insurance Corporation, after crossing the age of 60 years, the amount is assured to the senior citizens. According to this, a minimum of Rs 12000 is received by the beneficiary as pension every year. This means that 1000 rupees per month.

Pradhan Mantri Vaya Vandana Yojana Objective

The government has started the Pradhan Mantri Vaya Vandana Yojana so that pension amount is provided to elderly persons in the form of a lump sum amount. Along with this, you can also get its amount on annual and monthly basis. With this, elderly people will be able to become financially strong and self-reliant in old age. And now that person will spend his old age life without any problem. With this objective, this scheme has been started by the Central Government.

Pradhan Mantri Vaya Vandana Yojana Benifits/Features

This scheme has been started by the Government of India. According to which only Indian citizens are getting its benefits.
According to Pradhan Mantri Vay Vandana Yojana, only people 60 years and above are being given the benefit of this scheme.
In this scheme, a person investing up to Rs 15 lakh is being given a monthly pension of Rs 9,250.
In Pradhan Mantri Vaya Vandana Yojana, if a person dies accidentally, then there is a provision to give his money to his nominee member.
Senior citizens are getting the investment amount through the Pradhan Mantri Vaya Vandana Yojana run by the central government.

Pradhan Mantri Vaya Vandana Yojana Interest Rate

Pension Option	Fixed Interest Rate
Monthly	7.40%
Quarterly	7.45%
Half	7.52%
Annualized	7.60%

Pradhan Mantri Vaya Vandana Yojana Premium Payments

The facility of option has been made available to pay the premium amount under this scheme, such as per month, per three months, per six months or per year etc. They can invest the way they want according to their situation. But for this it is necessary that they have already selected it, it cannot be changed again.

Pradhan Mantri Vaya Vandana Yojana Importent Points

You can apply for Pradhan Mantri Vaya Vandana Yojana both online and offline.
For this scheme, a period of up to 10 years has been fixed by the government.
In this scheme, after the completion of the period of 3 years, the beneficiary is also given the facility to get the loan assistance amount.
The pension amount that is being received in this scheme is being received only after the investment of a person of 60 years or more.
Some changes have been made by the government in its last period. According to which now you can invest till 31 March 2023.
Only Indian senior citizens can apply for this scheme.

Pradhan Mantri Vaya Vandana Yojana Age Limit & Eligibility

It is mandatory for you to be a resident of India for this scheme only then you will be added to it.
For this scheme, it is mandatory for you to be 60 years or more, although the maximum age limit has not been specified.
The duration of the policy prepared under Pradhan Mantri Vaya Vandana Yojana has been kept for 10 years.

Pradhan Mantri Vaya Vandana Yojana Documents

Aadhaar card is necessary for this scheme, with this your important information will be stored with the government.
You will also have to give PAN card, so that the information related to the account can be obtained correctly.
Age certificate is also necessary, this will keep information about your correct age.
You will also have to give the original resident certificate, it will be known that you are a resident of India.
You should also give the bank account information so that the amount received can reach your account.
Mobile number is also necessary, through this you will get information about the scheme from time to time.
Passport size photo will also have to be attached, so that you can be easily identified.

Pradhan Mantri Vaya Vandana Yojana Applications Process

Online Applications Process

To apply online for Pradhan Mantri Vaya Vandana Yojana, click on the link of the official website.
As soon as you click on this link, the home page will open in front of you. By visiting this page you will get the link of this scheme.
You have to click on that link and open the form. Important information has been given in this form. Read it properly.
As soon as you read all the information. After that fill the things asked in the form.
After filling all these things, you have to attach the documents and submit it. After registration, you will get the message of its approval on the phone.

Offline Applications Process

If you want to apply offline for Pradhan Mantri Vaya Vandana Yojana, then for this you have to visit the nearest branch of LIC.
You have to go there and contact the officer. The officer will have to give you some documents and enter your information there.
LIC agent will insure you through Pradhan Mantri Vaya Vandana Yojana. After this your policy will start.

Pradhan Mantri Vaya Vandana Yojana Check Status

To check the status of Pradhan Mantri Vaya Vandana Yojana, you can go to LIC’s website, on whose home page you will see the status option. Click on it and enter your required information. Status will open in front of you.

Pradhan Mantri Vaya Vandana Yojana Official Website

The official website of Pradhan Mantri Vaya Vandana Yojana has been released by the government. By visiting this you can fill the letter for the policy. You can also pay its installment by going to it. Apart from this, you can also get the necessary information on it.

Pradhan Mantri Vaya Vandana Yojana Helpline Number

A helpline number 022 6827 6827 has been issued for Pradhan Mantri Vaya Vandana Yojana. By calling on which you can get the nearest LIC office or information related to it.