Want 7.4 per cent assured returns each year? This may just be your last chance

The curtain may finally fall on Pradhan Mantri Vaya Vandana Yojana (PMVVY) on March 31, 2023, which is bad news for pensioners. For the uninitiated, PMVVY is a government-backed insurance policy-cum-pension plan that has provided regular and assured payouts to pensioners since 2017. Currently, PMVVY subscribers receive 7.4 per cent per annum investment returns. The maximum money you can put into this plan is Rs 15 lakh. Mum's the word But the sun may soon set on PMVVY, as the government is yet to extend its tenure. This is not the first time PMVVY has flirted with extinction. It was about to expire in 2020 b