NPS Vatsalya Yojana: Parents are worried about their children’s future along with their own future. That is why they make them study well so that they can do a good job or do some business and live their life without any problems. Parents have to save money for their education. They invest in many schemes. But now a new scheme has been started by the Government of India. In which you can also take care of children’s pension.
You must be thinking since when did parents start worrying about their children’s pension? Let us tell you that this scheme of the Government of India is a very different kind of scheme. The name of this scheme is NPS Vatsalya Yojana. This scheme has been brought under the National Pension Scheme. For children up to how many years of age is this scheme and how much investment is required in it? Let us tell you this information related to the scheme.
You can invest for children up to 18 years of age
Under the NPS Vatsalya Yojana run by the Government of India, parents and guardians can plan retirement for their children and open an account for them in a good scheme in advance. The National Pension Scheme is run by the Government of India under which citizens of India can plan their pension. But now parents and guardians can also open a pension account for their children under the NPS Vatsalya Yojana.
Parents and guardians have to invest in NPS Vatsalya Yojana till the age of 18 years. The scheme is started in the name of the child. After 18 years it becomes a full NPS account. After that the account is transferred to the child by the parents. Then the child can invest in it himself.
You can invest this much
If we talk about the investment amount in NPS scheme, then there are two types of accounts in it. The minimum investment amount is different in both. In Tier I NPS scheme, you can invest a minimum of Rs 500. Whereas in Tier II, you can invest a minimum of Rs 1000. No amount has been fixed for the upper limit in this. Talking about NPS Vatsalya Yojana, the investment amount in it is currently the same. No separate guidelines have been issued for this. Let us tell you that if Rs 10,000 is invested every month in NPS scheme. Then by the time the child turns 18, a fund of about 63 lakhs will be deposited in his name.
Also read: What is PM Shri School Scheme, how is it different from normal schools?
