WebMar 13, 2024 · Senior citizens can maximize the use of both schemes by investing ₹15 lakh in each scheme. This will enable them to use the upper limit of both schemes by March 31, 2024, before PMVVY is scheduled to close. By investing ₹15 lakh in SCSS, senior citizens can earn an annual interest income of ₹1.2 lakh at the current interest rate of 8 % ... WebBoth schemes offer flexibility that brings in amazing benefits at your old age. It is a hard choice to make between the 2 schemes but the final assurance would be that both are …
Should senior citizens invest in the Pradhan Mantri Vaya ... - MoneyControl
WebFeb 1, 2012 · Details. Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme exclusively for the senior citizens aged 60 years and above. The maximum … WebSomething we all working professionals can relate to While in recent few years, both salary and inflation has raised by 12%-15% CAGR, taxation has not lowered… potterton user manuals
Can I invest 15 lakhs each in Pmvvy and SCSS? (2024)
WebJun 13, 2024 · "Effectively both the schemes though cater to the senior citizens but with minor variations. We suggest that the SCSS is more suitable for a person above the age of 70 as the need of... WebJun 4, 2024 · If you are a risk averse investor looking for a long-term regular income plan, PMVVY should be your first choice. Next comes SCSS and POMIS, followed by bank FDs. However, if you can take... WebMay 20, 2024 · You can buy a PMVVY scheme from LIC. The scheme is available via both offline and online mode. You can visit the nearest LIC branch or log on to the official website of LIC to purchase this annuity scheme. A policyholder has an option to return the policy within 15 days of the purchase. potterton titanium 18kw heat only