2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7%
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8%
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9%
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6%
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Detailed explanation-1: -The Pradhan Mantri Vaya Vandana Yojana scheme provides for an assured return of 7.4% percent per annum payable monthly (equivalent to 7.66% per annum) for 10 years.
Detailed explanation-2: -"For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly.
Detailed explanation-3: -PMVVY gives a guaranteed pension payout at a specified rate for 10 years. This scheme will provide an assured return of 7.4 per cent per annum which will be payable monthly for the entire duration of 10 years.
Detailed explanation-4: -Pradhan Mantri Vaya Vandana Yojana Eligibility Minimum age of entry: The individual must be 60 years or higher. Maximum age of entry: There is no limit. Duration of the policy: The tenure of the policy is 10 years. Minimum pension that is earned: The minimum pension for a month, quarter, half-yearly, and yearly are Rs.