NPS Vatsalya Vs PPF: If you want to become a millionaire soon then which scheme will be best, understand the complete calculation here..

The Finance Minister has recently launched the NPS Vatsalya Yojana for children. This scheme has been specially launched for children. In this scheme, parents will invest in the children which will be useful for the children later.

About NPS Vatsalya Yojana
Under this scheme, an NPS account can be opened for children below 18 years of age. To open an account, one has to invest at least Rs 1000. There is no maximum investment limit in this scheme.

In this scheme, partial withdrawal can be made after 3 years of investment. Partial withdrawal can be done only for education or treatment. If the scheme matures, then it can be extended further. Let us tell you that this scheme matures after 18 years.

If there is an amount of less than Rs 2.5 lakh in the fund of NPS Vatsalya Yojana, then a full withdrawal can be done. But, if you have more than Rs 2.5 lakh, you can withdraw only 20%. You can buy an annuity with the remaining 80% amount. Your child will start getting pension benefits after 60 years from the annuity amount.

Many investors are quite confused about NPS Vatsalya and the Post Office's PPF scheme. Which of these two schemes will give better returns? By investing in this scheme, a fund of crores of rupees will be ready in less time. Many such questions are coming to mind. We will tell you in which of these two schemes, a fund of crores of rupees will be ready in less time.

Which scheme will make you a millionaire soon?
If you deposit Rs 10,000 annually in NPS Vatsalya, then after investing continuously for 18 years, you have invested a total of Rs 5 lakh. You will get an annual return of about 10 percent on this investment. If you do not make any withdrawal from the fund for 60 years, a total fund of Rs 2.75 crore will be ready.

On the other hand, if you invest Rs 1.5 lakh annually in PPF, then after investing continuously for 25 years, your total fund will be Rs 1,03,08,015. Let us tell you that currently 7.1 percent interest is being given in the PPF scheme.