About Nirvritti Vetan Yojana
The Nirvritti Vetan Yojana offers a reliable and structured source of retirement income, ensuring that your future is financially secure. Designed for individuals looking to plan ahead, this scheme allows members to build a dedicated fund that will provide a steady income, giving you peace of mind and stability in your retirement years.
Whether you are in the early stages of your career or nearing retirement, The Nirvritti Vetan Yojana helps you set a foundation for long-term financial independence. By investing in this plan, you are securing not just your present, but also your future, with a guaranteed source of income during your retirement years.
This plan is ideal for those who seek to ensure a comfortable life post-retirement, offering financial consistency and reliability during the golden years. Start planning today for a secure tomorrow with The Nirvritti Vetan Yojana.
Nirvritti Vetan Yojana
The Nirvritti Vetan Yojana (NVY) is a systematic retirement savings plan designed to help individuals secure a steady income post-retirement. With deposits spread over 84 months (7 years), NVY requires a minimum monthly deposit of Rs. 1000. The plan offers flexible payment frequencies—monthly, quarterly, half-yearly, or annually—based on the depositor’s preference. Upon completion of the seven-year deposit period, regular distributions begin in the eighth year, continuing for the next fourteen years, ensuring a stable income.
Members must complete the KYC process, submitting photo ID, Aadhaar card, proof of age, and other required documents. Early withdrawals are not allowed, and accounts closed prematurely will be refunded with interest based on savings account rates. However, certain deductions may apply in cases of early closure. NVY provides a disciplined savings strategy, making it an ideal choice for those looking to plan a secure and comfortable retirement.
Nirvritti Vetan Yojana
| No. | Deposit Amount Yearly | Pay Out After 7th Year | Surrender Benefit Yearly |
| 1 | 12,000 | - | - |
| 2 | 12,000 | - | - |
| 3 | 12,000 | - | - |
| 4 | 12,000 | - | - |
| 5 | 12,000 | - | - |
| 6 | 12,000 | - | - |
| 7 | 12,000 | - | - |
| 8 | - | 12,000 | 1,00,000 |
| 9 | - | 12,000 | 1,00,000 |
| 10 | - | 12,000 | 1,00,000 |
| 11 | - | 12,000 | 1,00,000 |
| 12 | - | 12,000 | 1,00,000 |
| 13 | - | 12,000 | 1,00,000 |
| 14 | - | 12,000 | 1,00,000 |
| 15 | - | 12,000 | 1,00,000 |
| 16 | - | 12,000 | 1,00,000 |
| 17 | - | 12,000 | 1,00,000 |
| 18 | - | 12,000 | 1,00,000 |
| 19 | - | 12,000 | 1,00,000 |
| 20 | - | 12,000 | 1,00,000 |
| 21 | - | 12,000 | 1,00,000 |
Questions & Answers
NVY requires a minimum monthly deposit of Rs. 1000/-
NVY deposit spread across 84 months (7 Years)
Members must finish the KYC process, which includes presenting their photo ID, Aadhaar card, proof of age, and other necessary paperwork, to join NVY.Â