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Pradhan Mantri Vaya Vandana Yojana (PMVVY)

News and Press Release - Dated:- 5-1-2018 - Government has launched the to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The .....

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of 8% per annum for 10 years. The differential return, i.e. the difference between return generated by LIC and the assured return of 8% per annum would be borne by Government of India as subsidy on an annual basis. Pension is payable at the end of e .....

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₹ 1,000/- per month and the maximum purchase price is ₹ 7,50,000/- for a maximum pension of ₹ 5,000/- per month. The scheme is exempted from Goods and Services Tax (GST). The scheme is open for subscription till 3rd May 2018. Senior .....

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