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 invest in this scheme and create funds for children. 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 prepared soon.
The Finance Minister has recently launched NPS Vatsalya Yojana for children. This scheme has been started especially for children. In this scheme, parents will invest for children which will be useful for the children later.
About NPS Vatsalya Yojana
Under this scheme, 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. You can make partial withdrawal after 3 years of investment in this scheme. Partial withdrawal can be done only for education or treatment. If the scheme matures, it can be extended further. Let us tell you that this scheme matures after 18 years.
If the amount in the fund of NPS Vatsalya Yojana is less than Rs 2.5 lakh, then you can make full withdrawal. But, if it is more than Rs 2.5 lakh, then only 20 percent can be withdrawn. You can buy annuity with the remaining 80 percent amount. Your child will start getting pension benefits after 60 years from the annuity amount.
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 ready in a short 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 10 thousand rupees annually in NPS Vatsalya, then after investing continuously for 18 years, you have invested a total of 5 lakh rupees. 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 prepared.
At the same time, if you invest 1.5 lakh rupees 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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