Budget 2018: Higher tax sops & increased investment limit under PMVVY makes senior citizens happy

Senior citizens were looking at the Budget 2018 with a lot of hope and Finance Minister Arun Jaitley too reciprocated with announcements that would reduce the stress for senior citizens. The Budget 2018 offered to increase the investment limit under Pradhan Mantri Vaya Vandana Yojana to Rs 15 lakh from extant limit of Rs 7.5 lakh. The Union Budget 2018 also […]

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Senior Citizen Savings Scheme Vs PMVVY Vs Post Office MIS

PMVVY: Senior citizens are guaranteed 8 per cent interest rate for 10 years Senior Citizen Savings Scheme and Post Office monthly income schemes are one of the most popular investment options to earn monthly income.  The Pradhan Mantri Vaya Vandana Yojana (PMVVY), which also provides monthly income, was launched in May 2017.  In each of […]

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