Better investment option for children, know how to become a millionaire through this

New Delhi. Recently the Finance Minister to secure the future of children nps vatsalya scheme ,NPS Vatsalya Yojana) has started. This scheme has been specially designed for children. Parents can invest in this scheme, which will be useful to their children in future.

What is NPS Vatsalya Yojana?

nps vatsalya scheme In the name of children under 18 years of age nps account ,NPS Account) can be opened. The features of this scheme are as follows:

1. Minimum Investment: Can start from ₹1000.
2. Maximum Investment: There is no time limit.
3. Withdrawal Option:
   • 3 year Partial withdrawal can be done after.
   • partial withdrawal only Education Or Treatment Valid for.
4. Maturity of the plan:
   • Plan 18 years old It becomes mature when complete.
   • This can be extended further also.

Withdrawal rules

• If in the fund of NPS Vatsalya Yojana Less than ₹2.5 lakh If the amount is there, then complete withdrawal can be done.
• If the amount of funds More than ₹2.5 lakh is, then only 20% Withdrawals can be made.
• Remanent 80% amount From annuity Have to buy, so that the child 60 years Pension will start after the age of .

NPS Vatsalya vs PPF: Which is better?

Many investors are thinking that nps vatsalya scheme And PPF Which of the following plans is better? Let us compare both the schemes and know which one has more chances of becoming a millionaire.

1. Returns of NPS Vatsalya Scheme:

• if you nps vatsalya scheme every year in ₹10,000 invest and this investment 18 years If we continue till then the total investment ₹5 lakh will be.
• on average 10% annual return will get.
• If you use this fund 60 years If maintained without withdrawal till then the fund will grow to around ₹2.75 crore Will be done.

2. PPF Returns:

• if you PPF (Public Provident Fund) every year in ₹1.5 lakh invest and it 25 years If you continue till then, on the total investment you will get the current 7.1% interest rate Will get it.
• Your total fund after this period ₹1,03,08,015 (Will be around Rs 1.03 crore).

Which plan is better?