Despite lockdown, MF industry adds 1.60 lakh new investors in two months

For the first financial year i.e. upto 31st March, 2021, the scheme will provide an assured rate of return of 7.40% p.a. payable monthly (i.e. equivalent to 7.66% p.a.)

This is a non-linked, non-par, Government Subsidized Pension Scheme

Scheme Start from : 26th May, 2020 & Closes on 31st March, 2023.

Eligibility Conditions and Restrictions :

1. Minimum Age at Entry : 60 years completed
2. Maximum Entry Age : No limit
3. Policy Term : 10 years
4. Minimum Pension : Rs. 1,000 per month.

                                        Rs.3,000 per quarter

                                        Rs. 6,000 per half yearly

                                        Rs. 12,000 per year

        5. Maximum Pension : Rs. 9,250 per month

                                       Rs. 27,750 quarter

                                       Rs. 55,500 per half year

                                       Rs. 1,11,000 per year.

More than Rs. 15 Lakh amount is not eligible under PMVVY Scheme.