Earlier when the scheme was launched investment limit was capped at INR. 7,50,000 for a family. However, new changes are made in the year by increasing the investment limit to INR. 15,00,000. And also, limit applicable to the family as a whole is changed to per senior citizen.
Let’s say, you and your spouse both are senior citizen, then Pradhan Mantri Vaya Vandana scheme allows each of you to make INR. 15,00,000 investment in to the scheme. That means you and your spouse together can invest up to INR. 30,00,000.