๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Under Pradhan Mantri Vaya Vandana Yojana (PMVVY) what is

      the minimum monthly purchase price?
      A Rs.1.5 lakh Correct Answer Incorrect Answer
      B Rs.1.59 lakh Correct Answer Incorrect Answer
      C Rs.1.62 lakh Correct Answer Incorrect Answer
      D Rs.1.75 lakh Correct Answer Incorrect Answer
      E Rs.2 lakh Correct Answer Incorrect Answer

      Solution

      PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from May 04, 2017 to March 31, 2023ย  ย 

      Under this scheme an initial lump sum payment of any amount between Rs.1.5 lakh to Rs.15 lakh will entitle the individual for a monthly pension of Rs.1,000 per month to Rs.9,250 per month depending on the payment made. The details of maximum and minimum purchase price and pension is sumamrised below: ย 

      Practice Next
      ask-question