The Pradhan Mantri Vaya Vandana Yojana by LIC is a very Good Scheme for senior citizens. It gives higher interest rate than the bank fixed deposit. Also, The tenure of this scheme is higher than the senior citizen saving scheme. Moreover, it gives many options of regular interest payment. You can use the interest payment as the pension. You can get the pension of ₹9,250/month by investing in the vaya Vandana Scheme.
The LIC gives you the option to invest in this scheme through the online mode. It is very easy. Although you can also take the services of the LIC Agent.
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Learn about the Senior Citizen Saving Scheme of post office –
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