NPS vatsalya Scheme- You will be free from the worry of children's future, invest in this government scheme

If we talk about today's scenario, then inflation has broken the back of the people, due to which people are worried about the future of their children because life is full of uncertainties, in such a situation it is important to be financially secure for the education, marriage, health of children if you are also surrounded by such problems, then NPS Vatsalya Yojana is a good option for you, let's know complete information about it-

What is NPS Vatsalya Yojana?

NPS Vatsalya Yojana is a government scheme linked to the National Pension System (NPS). It allows parents to open a retirement savings account for their children, ensuring financial security when they grow up.

Let's know some special things about it-

Eligibility: Parents can open an account for children aged 0 to 18 years. After attaining the age of 18, the child can take control of the account.

Investment amount: A minimum deposit of Rs 1,000 is required annually.

Long-term benefit: If you invest Rs 10,000 annually for 18 years, the total investment will be Rs 5 lakh. With a conservative annual return of 10%, this can grow to around Rs 2.75 crore by the age of 60.

Conversion option: When the child turns 18, the NPS Vatsalya account can be converted into a regular NPS account, allowing for continued growth of funds.