Is premature withdrawal possible for Pradhan Mantri Shram Yogi Maan-Dhan Yojana?






Manoj Manoj
Answered on March 17,2019

The Pradhan Mantri Shram Yogi Maan-Dhan Yojana account is matured when the subscriber attains 60 years of age. Then a monthly pension of Rs. 3000 will be given to subscriber.

Premature withdrawal is possible in the following cases,

  • If the subscriber dies before the age of 60 years, his/her spouse will be entitled to continue the deposit to the account or can exit.
  • If the subscriber dies after 60 years of age, then the pension amount will be given to his/her spouse as family pension.
  • If the subscriber exit before 10 years, then he will be given the deposited amount with interest.