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NPS Vatsalya : Parents are struggling in many ways for the golden future of their children . Many precautions are taken to prevent them from having any trouble in the future.
As part of this, money is saved in various types of savings schemes. The government has brought a new scheme for them. The name of this scheme introduced for children is NPS Vatsalya. In this scheme, if you withdraw some money in the name of the child, it becomes a regular pension account after they turn 18.
Now let us know the complete details about this NPS Vatsalya scheme introduced by the Centre. Parents of children below 18 years of age are eligible for this scheme. If parents invest in this scheme till their children reach 18 years of age, they can get many benefits.
Parents have to invest at least Rs.1000 per year in the name of their children in this scheme. There is no upper limit. Any amount can be invested. After the child turns 18, it becomes a regular NPS account. In this, saving according to a plan means that the children will have a golden future when they grow up. If 10 thousand is invested in this scheme up to 18 years, they will get 5 lakhs under 10 percent interest.
If that money is continued for 60 years without drawing it at 18 years, by the time of their retirement i.e. 60 years with 10% interest, Rs. 2.75 crores with 11.59% interest at Rs. 5.97 crores, with 12.86% interest of Rs. 11.05 crores money will be deposited. The interest in this scheme varies depending on the money we invest. And share your opinion on this scheme introduced by the central government for children in the form of a comment.
