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.

You May Also Like

Static QR RegistrationLast Updated: September 16, 2025

Definition Static QR registration is the process of creating and registering a fixed QR code with a bank…

UPI Account Linking LimitLast Updated: October 21, 2025

Definition UPI Account Linking Limit defines the maximum number of bank accounts you can link with one UPI…

*USSD UPI (99#)Last Updated: July 24, 2025

Meaning USSD UPI (*99#) is a mobile banking service that lets users access UPI services without an internet…

UPI Bank MapperLast Updated: July 16, 2025

Meaning UPI Bank Mapper is a backend system maintained by NPCI (National Payments Corporation of India) that links…