staggering annuity purchases

All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)

May 24, 2020 by Deepesh Raghaw 164 Comments

Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in May 2017 to provide a long-term income option for senior citizens in the country. This assumes importance in the wake of the low-interest rate scenario we find ourselves in. Fixed deposits are getting renewed at lower rates. This poses problems to those senior citizens who rely on interest income to meet regular … [Read more...] about All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)

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