Senior citizens have slightly over three months left to subscribe to the Pradhan Mantri Vaya Vandana Yojana (PMVVY). This scheme, administered by the Life Insurance Corporation of India, is a government-backed pension scheme for senior citizens which provides an interest rate of 7.4 per cent per annum, payable monthly. This assured rate of pension will be payable for the full term of 10 years for all policies purchased until March 31, 2023.
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First Published: Tue, December 06 2022. 18:43 IST
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