The Modi government in power at the center is implementing many schemes, and these schemes have the potential to provide huge benefits in the long run. It is known that the center has recently announced a new scheme called NPS Vatsalya. If parents want to invest for their children, it can definitely be said that this scheme will be the best scheme.
By investing in this scheme, you can get good returns in the long run. It can be said that the money invested in this scheme also gets compounding benefits. It can be said that during retirement, in addition to taking 60 percent at once through this scheme, there is an opportunity to receive money in the form of pension every month.
There is a possibility of opening a Vatsalya account in the names of children under the age of 17. The amount received will change depending on the amount invested per month. If you save 5000 per month at the rate of 166 per day, there is a chance of getting 40 lakhs. It can be said that if you invest 10000 per year in this scheme for 60 years, there is a chance of getting more than 10 crores of rupees.
It can be said that the NPS Vatsalya scheme has the potential to provide huge benefits in the long run. The central government has created this scheme to benefit those who want to invest in the long term.
