Key Details
Annual Rate
7.40%
Risk Level
1 — Very Low
Min. Investment
₹1,000
Lock-in Period
15 years
Category
Post Office Schemes
Institution
LIC of India (on behalf of Government of India)
Tax Treatment
Pension income taxable per slab. No 80C. No TDS deducted.
About This Instrument
Government-backed pension-annuity scheme for senior citizens (age 60+), administered by LIC. Single premium purchase, fixed monthly/quarterly/annual pension for 15 years, sovereign-backed by Government of India.
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