PM Vaya Vandana Yojana (PMVVY)
Calculate pension income for senior citizens (60+ years) - LIC managed scheme
Min: ₹1 Lakh, Max: ₹15 Lakhs per senior citizen
Monthly Pension
₹ 9,250
Guaranteed for 10 years @ 7.4% p.a.Annual Pension₹ 1,11,000
10-Year Total Pension₹ 11,10,000
Principal Invested₹ 15,00,000
Interest Rate7.4% p.a.
Tenure10 Years
Principal Returned at Maturity₹ 15,00,000
Total Payout (Pension + Principal)₹ 26,10,000
Payout Mode Comparison
| Mode | Rate | Per Payout | Annual |
|---|---|---|---|
| Monthly | 7.4% | ₹ 9,250 | ₹ 1,11,000 |
| Quarterly | 7.45% | ₹ 27,938 | ₹ 1,11,750 |
| Half-Yearly | 7.52% | ₹ 56,400 | ₹ 1,12,800 |
| Yearly | 7.6% | ₹ 1,14,000 | ₹ 1,14,000 |
📌 PMVVY Key Features
- For senior citizens aged 60+ years
- Investment: ₹1 Lakh to ₹15 Lakhs
- 10-year policy term
- Guaranteed pension payout
- Principal returned on maturity
- Managed by LIC of India
- Monthly/Quarterly/Half-yearly/Yearly pension
- Loan facility up to 75% after 3 years
- Premature exit allowed in special cases
- Free look period of 15 days
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Frequently Asked Questions
Who is PMVVY Calculator useful for?
PMVVY Calculator is useful for users evaluating government-backed or regulated saving schemes for long-term planning.
Can scheme rules change over time?
Yes. Interest rates, eligibility rules, and deposit limits can change, so you should verify the latest official guidelines before investing.
Is this tool suitable for planning maturity value?
Yes. It is helpful for estimating maturity amount and understanding how the scheme can fit into your savings plan.
Should I verify final numbers from official sources?
Yes. Use official notifications, bank/post office documents, or scheme circulars for final decision-making.