Vaya Vandana Yojana details 2023

Government of India has started many pension schemes till now. Today we will talk about Pradhanmantri Vaya Vandana Yojana. This pension scheme was launched on 4 May 2017 by the Government of India for the elderly people of the country.The Government of India is run this scheme jointly with the India’s popular company LiC. With the help of this scheme, the applicant will not need to depend on others in old age, he will be get pension money every month by the government. Through this article, we explain about the Pradhan Mantri Vaya Vandana Yojana eligibility, required documents, guidelines, application process etc. Please read this post till the end.

Vaya Vandana Yojana

Pradhanmantri Vaya Vandana Yojana Overview:

Scheme nameVaya Vandana Yojana
Apply modeOnline and Offline
Objective To provide pension
Year2023
Official website https://www.licindia.in/Home

Know More- Uttrakhand Gyankosh scheme Details.

About Pradhanmantri Vaya Vandana Yojana:

Citizens of 60 years or more will be get pension under this scheme, where they will get 8% interest for 10 years. In this scheme, the applicant can get a pension of ₹ 10000 per month by investing ₹ 1500000. Citizens will be provided pension ranging from ₹ 1000 to ₹ 9250 per month depending on the investment. After 10 years of investing under this scheme, along with the final payment of pension, the deposited investment amount is also returned. Interested applicant can apply this scheme through both online and offline.

Eligibility of Pradhan Mantri Vaya Vandana Yojana:

•The applicant should be a permanent resident of India.

•The minimum age of the applicant should be 60 years.

Required documents:

•Passport size photo

•Aadhar card

•PAN card

•Proof of age

•Proof of income

•Proof of residence

•Bank passbook

How To Apply online Pradhanmantri Vaya Vandana Yojana:

Step 1: Go to the official website of LIC, The name of the site is https://licindia.in/

Step 2: After visiting the website, register your Account.

Step 3: Now a application form will be open infront of you, here you need to put your some basic information.

Step 4: After filling the details, you have to upload your documents.

Step 5: Now click on the submit button, in this way you can register online for Pradhanmantri Vaya Vandana Yojana.

How to Apply Offline:

For this you have to go to LiC’s office. After going there, you will have to take the application form of Vandana Yojana. After that you have to fill that form and attach your documents together and submit that form to LIC office. In this way you will be able to register in offline Pradhanmantri Pradhanmantri Vaya Vandana Yojana.

Interest Rates:

PensionInterest Rate
Monthly 7.40%
Quarterly 7.45%
half yearly 7.52%
Yearly 7.60%

Benefits of Pradhanmantri Vaya Vandana Yojana:

• Through the scheme, the beneficiary will get guaranteed pension for 10 years.

• If the beneficiary dies before the completion of 10 years, the purchase price will be returned to the nominee.

• Beneficiary can also take loan after 3 years of taking this scheme

• If a person is unable to pay the pension amount, then 98% of his amount will be returned.

• Under this scheme you will not have to pay GST or any hidden charges.

How to give Feedback:

Step 1: For this you have to visit the official website of Life Insurance Corporation of India.

Step 2: After going to the website, you will see the option of feedback on the home page, you will have to click on it.

Step 3: After this the feedback form will open in front of you, here you will be able to give feedback.

Contact Details:

Phone number-: 022-67819281, 022-67819290

EMAIL: onlinedmc@licindia.com

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