The PMVVY or Pradhan Mantri Vaya Vandana Yojana is a pension scheme for those aged 60 years or more. There is no maximum age for entry. This government scheme is currently open and those interested can invest in it till 31 March 2020. It can be purchased offline as well as online, through Life Insurance Corp. of India. It provides an assured return of 8% to 8.30% per annum, depending on how you choose to get your payout—monthly, quarterly, half-yearly or yearly.
Nine big financial changes that you must watch out for in October
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