Last three months to invest in PMVVY

The next three months could be the last opportunity for senior citizens to lock their money at a guaranteed annual return of 8 per cent. As per the extension made in the 2018 Budget, Pradhan Mantri Vaya Vandana Yojana (PMVVY) is open for subscription till March 31, 2020. Whether the subscription window will get further extended or not is a question only time can answer. PMVVY initially became operative for just one year, starting May 4, 2017 after a mention in the budget, and was later extended by two more years in the 2018 Budget. At the time, the maximum permissible investment amount was also doubled to Rs 15 lakh from Rs 7.5 lakh. PMVVY is a pension product for senior citizens which is backed by the government of India and operated by LIC which enables investment in the scheme th