Pradhan Mantri Vaya Vandana Yojana

प्रधानमंत्री वय वंदना योजना

🏛 Ministry of Finance

Benefit Amount

7.4% guaranteed returnCash

✓ Government Verified✓ Direct Bank Transfer

ℹAbout Pradhan Mantri Vaya Vandana Yojana

Guaranteed pension of 7.4% per annum for senior citizens on investment up to Rs.15 lakh. Monthly, quarterly, half-yearly, or yearly payout options.

Ministry

Ministry of Finance

Applicable In

All India

Benefit Type

Cash

Status

Active

✓Who Is Eligible?

The Pradhan Mantri Vaya Vandana Yojana is designed specifically for senior citizens in India. While the exact age limit and other detailed eligibility criteria are not fully specified in the current scheme information, this pension scheme is generally targeted at elderly individuals seeking a guaranteed income source. The scheme allows investments up to Rs.15 lakh, which is the maximum investment limit per applicant. There are no restrictions based on caste, religion, or gender, making it an inclusive scheme available to all eligible senior citizens across India. The scheme does not have geographic restrictions and is available throughout the country. For specific details about minimum age requirements, income criteria, occupation restrictions, and any other eligibility conditions, citizens should check the official LIC website at licindia.in or visit their nearest LIC branch office. The representatives there can provide comprehensive information about who exactly qualifies for the scheme and help determine individual eligibility based on personal circumstances.

Quick eligibility check:

✓

Age 60–120 years

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Gender: Male, Female, Other

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Category: General, OBC, SC, ST

📝How to Apply for Pradhan Mantri Vaya Vandana Yojana

To apply for the Pradhan Mantri Vaya Vandana Yojana, follow these simple steps: First, visit the official Life Insurance Corporation (LIC) website at licindia.in to access the scheme portal. Second, look for the Pradhan Mantri Vaya Vandana Yojana section and click on it to view all scheme details and requirements. Third, prepare the necessary documents that you will need for the application process. Fourth, fill out the online application form carefully with your personal and financial information. Fifth, decide on your preferred pension payout option, which can be monthly, quarterly, half-yearly, or yearly based on your convenience. Sixth, submit your application along with the required documents through the portal. Finally, wait for the confirmation and approval from LIC, after which you can start receiving your guaranteed pension of 7.4% per annum on your invested amount. You can also visit your nearest LIC branch office for assistance if you prefer applying offline. Make sure to have valid identification and proof of age ready when applying.

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