Pension Scheme 2022

Pension Scheme 2022:

Start Pension Scheme for Senior Citizens: You will get ₹ 1.1 Lakh Pension!


The government has now launched the Prime Minister’s agenda for those over 60 years of age. Under this, you can get a senior Citizens Savings Scheme for up to Rs 1,11,000 annually.



Prime Minister’s Vaya Salutation Plan:

Good news for senior citizens. Now the government has launched the ‘Prime Minister’s Vaandana’ scheme for those over 60 years of age. Under this, you can get a senior Citizens Savings Scheme for up to Rs 1,11,000 annually.



The Prime Minister’s Vaya Vandana Yojana (PM Vaya Vandana Yojana) has started to make the elderly financially self-sufficient at a critical point in their lives. Its duration was March 31, 2020, but has now been extended to March 2023.



Who will benefit:

Minimum age to join this scheme is 60 years. That means citizens of 60 years or older can invest in it. There is no maximum age limit under this.



LIC is responsible for taking over:

A person can invest up to a maximum of Rs 15 lakh in this scheme. The Life Insurance Corporation (LIC) is responsible for managing the scheme. For a pension in this scheme, you have to invest a large amount. And then you can choose a monthly, quarterly, semi-annual or annual pension.



Under this scheme, you will be paid Rs 1,62,162 for a monthly pension of Rs. Need to invest. Under the scheme, the maximum monthly pension will be Rs 9,250, quarterly Rs 27,750, semi-annual pension of Rs 55,500 and annual pension of Rs 1,11,000.



How to invest

You can dial 022-67819281 or 022-67819290 for detailed information on the PMVVY project. Furthermore, you can dial a toll-free number – 1800-227-717.



Service tax deduction

This scheme is exempted from Tax Concession and GST. And the most important thing is that you can withdraw this money in advance for the treatment of any serious illness or spouse.



Required documents:

In order to invest in the Prime Minister’s agenda, it is mandatory that you have a copy of the PAN card, proof of address and a front page copy of the Bank Passbook.



Loan facility is also available:

You also have a loan facility under this scheme (PM Vaya Vandana Yojana). In this, you can take out a loan on PMVVY after 3 years of the policy. The maximum loan amount should not exceed 75% of the purchase price. This scheme does not provide tax benefits like other government pension schemes.


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