PMVVY Calculator
Pradhan Mantri Vaya Vandana Yojana — LIC senior pension plan at 7.4%. Reference for existing subscribers (closed to new deposits since 31-Mar-2023).
Purchase details
Max was ₹15 L per senior citizen
Payout frequency
Fixed 10-year tenure
Rate & data freshness
Default rate based on the latest official Government of India notification. Please verify the current rate before making financial decisions.
Pension per monthly
₹9,250
₹1,11,000 per year
- Yearly interest
- ₹1,11,000
- Total interest (10 yrs)
- ₹11,10,000
- Principal returned at maturity
- ₹15,00,000
Scheme closed to new subscribers since 31-March-2023. Existing subscribers continue to receive pension till end of 10-year term.
How the math works
Pension per period = P × r / periods_per_year; Principal returned at maturity
- P
- Purchase price (up to ₹15 L)
- r
- Annual rate (7.4%)
- Payout
- Monthly / quarterly / half-yearly / yearly
How it works
- 1
Enter the purchase price you paid (max ₹15 L).
- 2
Choose your payout frequency — monthly, quarterly, half-yearly or yearly.
- 3
CalcPe applies the 7.4% assured rate and shows periodic pension.
- 4
Principal is returned to you (or nominee) at the end of 10 years.
A quick walkthrough
Inputs
Purchase price ₹15,00,000 with monthly payout at 7.4%.
Steps
- Yearly interest = 15,00,000 × 7.4% = ₹1,11,000
- Monthly = 1,11,000 / 12 = ₹9,250
Result
Monthly pension ₹9,250 for 10 years · principal ₹15 L returned at maturity.
Why CalcPe’s PMVVY Calculator
- Assured 7.4% return for 10 years (locked in).
- Regular income for retirees.
- Government-guaranteed via LIC.
- Loan facility up to 75% of purchase price after 3 years.