NPS Vatsalya Yojana vs PPF: Finance Minister Nirmala Sitharaman has recently launched NPS Vatsalya Yojana. This scheme is an investment scheme for children. Parents can create a fund for children by investing in this scheme. In this article, let us know in which scheme, NPS Vatsalya and Post Office’s PPF scheme, a fund of crores of rupees will be created soon.
The Finance Minister has recently launched the NPS Vatsalya Yojana for children . This scheme has been launched especially for children. In this scheme, parents will invest for their children which will be useful for them later.
About NPS Vatsalya Scheme
Under this scheme, NPS account can be opened for children below 18 years of age. To open an account, a minimum investment of Rs 1000 has to be made. There is no maximum investment limit in this scheme.
You can make partial withdrawal after 3 years of investment in this scheme. Partial withdrawal can be made only for education or treatment. If the scheme matures, it can be extended further. Please note that this scheme matures after 18 years.
If the amount in the NPS Vatsalya Yojana fund is less than Rs 2.5 lakh, then you can withdraw the entire amount. But, if the amount is more than Rs 2.5 lakh, you can withdraw only 20% of it. You can buy annuity with the remaining 80% amount. Your child will start getting pension benefits from the annuity amount after 60 years.
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Many investors are quite confused about NPS Vatsalya and Post Office’s PPF scheme. Which of these two schemes will give better returns? By investing in which scheme, a fund of crores of rupees will be prepared 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 prepared 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 PPF scheme.
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