evidence: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is retirement cum pension scheme announced by the Indian Government. The plan is subsidised by the government and was launched in May 2017. [...] PMVVY is a great investment option for senior citizens. This scheme can be considered by those senior citizens that are looking for a regular pension. However, to invest in this scheme, one should have a considerable amount in hand. [...] Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a retirement and pension scheme managed by LIC. It provides fixed-rate returns for 10 years to Indian senior citizens, with various benefit options like death benefits and loans. The scheme requires minimal documentation and is not tax-saving, with a max investment limit of Rs.