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How much pension will I get from Pradhan Mantri Vaya Vandana Yojana ?
How much pension will I get from Pradhan Mantri Vaya Vandana Yojana ?
Vishnu
Answered on March 31,2019
Answered on March 31,2019
The minimum pension assured under the scheme is Rs.1000 per month which can go upto Rs.10,000 a month, depending on the principal invested.
Mode of Pension | Minimum Pension | Minimum Investment | Maximum Pension | Maximum Investment |
Yearly | 12,000 | 1,44,578 | 1,20,000 | 14,45,784 |
Half-Yearly | 6,000 | 1,47,601 | 60,000 | 14,76,014 |
Quarterly | 3,000 | 1,49,068 | 30,000 | 14,90,684 |
Monthly | 1,000 | 1,50,000 | 10,000 | 15,00,000 |
As per the scheme, in order to get a minimum pension of Rs.1,000 per month, one should invest Rs. 1,50,000. Similarly, one can get a pension of Rs. 10,000 a month with investment of Rs.1,50,000.
Since the policy term is of 10 years, the policy purchaser gets back his principal with the final pension installment on completing 10 years.
Neha
Answered on March 31,2019
Answered on March 31,2019
Minimum Pension:
- Rs. 1,000/- per month
- Rs. 3,000/- per quarter
- Rs.6,000/- per half-year
- Rs.12,000/- per year
Maximum Pension:
- Rs. 10,000/-per month
- Rs. 30,000/-per quarter
- Rs. 60,000/- per half-year
- Rs. 1,20,000/- per year