Pradhan Mantri Vaya Vandana Yojana

byPaytm Editorial TeamLast Updated: November 14, 2025

Meaning

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme for senior citizens (60+ years). It provides a fixed monthly income for 10 years after investing a lump sum amount.

Managed by

Life Insurance Corporation of India (LIC).

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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