Now, the government has started 'PM Vaya Vandana Yojana' for people above 60 years of age. Pradhan Mantri Vaya Vandana Yojana has been started to make the elderly financially self-reliant at the crucial stage of their life. For pension in PM Vaya Vandana Yojana, you have to invest a lump sum amount and then you can opt for monthly, quarterly, half yearly or yearly pension. Under PM Vaya Vandana Yojana, you will have to invest Rs 1,62,162 for a pension of Rs 1000 per month. Under this scheme, the maximum monthly pension is Rs 9,250, quarterly Rs 27,750, half yearly pension of Rs 55,500 and annual pension of Rs 1,11,000.

Source: dna July 25, 2021 11:03 UTC