Varishtha Pension Bima Yojna (VPBY)- 2017 – The Old Age Pension Scheme
Varishtha Pension Bima Yojna ( VPBY) -2017 has been introduced
by the Central Government to provide guaranteed minimum interest
rate to Senior Citizen of the Counrty.
Features of VPBY-2017:
- VPBY -2017 will be implemented by the Life Insurance Corporation of India.
- The scheme will provide income security to old persons aged 60 years and above.
- VPBY will provide an assured Pension based on a guaranteed interest of 8 % for 10 years.