Varishtha Pension Bima Yojana

Varishtha Pension Bima Yojana Eligibity Criteria: How much Can I Invest? Age: Minimum 60 years completed, no maximum age limit Depending on how you want your Pension payment, you can invest from minimum of Rs 63,960/- upto maximum of Rs 6,66,665/- When Can I Invest? Nationality: Indian This scheme is open from 15th August 2014 to 15th august 2015 only. Tax Implications? Investement under this scheme does not qaulify for any deduction. What is the Rate of Return (ROR)? How will I receive the Pension? Pension is paid via ECS/ NEFT only. TDS will be deducted on the pension paid ROR ranges from 9% to 9.38%, depedning on the frequency of pension payment chosen by you. Where/ How can I invest? When will I receive the Pension? This scheme is being operated by LIC of India only. To invest you need to contact nearest LIC office. As per your choice, you can receive the pension in; 1 month, 3 months, 6 motnhs or 1 year ©www.varishthapensionbimayojana.com