Is PMVVY better than other pension retirement schemes
The relentless fall in Indias interest rates over the last six years has been hard on retirees and regular income seekers. For seniors, exploring special government schemes before bank deposits or debt mutual funds makes a lot of sense, as they offer superior returns with high safety. We take stock of the modified Pradhan Mantri Vaya Vandana Yojana (PMVVY) and stack it up against competing avenues.
PMVVY is a guaranteed pension scheme offered exclusively by the LIC. Open only to individuals…