If you are concerned about the future of children, you are also investing in this government scheme today

The rising inflation has broken everyone’s back and in such a situation it becomes a wise step for everyone to secure the future financially. Especially, if we know that we need a lot of money for university, school or marriage, etc. Although your child does not have to worry about adopting a retirement plan, it is possible if you invest in a specific government scheme at the age of 18. Child pension scheme has actually brought a new scheme associated with the national pension system, and parents can invest in keeping their children financially safe in the future. Actually, the name of the scheme is NPS Vatsalya Yojana. A minimum amount of Rs 1000 can be deposited annually. If you invest 10 thousand rupees annually, about 11 crore calls can be put in your child’s name. Who will open an account in NPS Vatsalya? An accounts of minor children are opened under NPS Vatsalya Yojana. This can contribute to retirement savings funds. Parents can invest in it for a child from 0 to 18 years. After 18 years, the child can manage this account himself. The NPS Vatsalya Yojana can be converted into the NPS scheme if the child is an adult. A minimum amount of Rs 1000 can be deposited annually. Let us know that if you deposit 10000 rupees to the age of 18 in your child’s name, how much fund will be collected in the name of your child under the NPS Vatsalya scheme? 10 thousand rupes to Rs 11 crore are deposited in Chandigarh, Pib in the NPS Vatsalya Yojana for 18 years on investment of Rs 10,000 per year. If you invest 10 thousand rupees annually under the NPS Vatsalya scheme in the name of your child, then the total investment will be at the age of 18 to Rs 5 Lakh. It was imposed up to 10 percent interest calculation annually. If this amount is held for 60 years, the total Coppers Rs will be 2.75 crore with an annual return of 10 percent. If the connection is made based on 11.59 percent annual yield and to the age of 60, the total buyer will be Rs 5.97 crore. At the same time, if it is held for 60 years and added on the basis of 12.86 percent annual yield, the total buyer will be Rs 11.05 crore. Share this story -tags