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NPS Vatsalya Full Details: How to Apply for the NPS Vatsalya Scheme
Original: NPS Vatsalya Full Details Explained | How to Apply NPS Vatsalya Scheme Telugu | Money Purse
Takeaway
NPS Vatsalya is one of the few equity-linked government schemes for minors - opening it early gives your child a 40-50 year compounding head-start that no insurance plan can match.
Summary
- NPS Vatsalya (announced in Budget 2024) lets parents/guardians open an NPS account in a minor's name with equity exposure - rare for govt schemes.
- Three benefits: (1) 40-50 year compounding window, (2) instils financial discipline in the child, (3) seamless transition to regular NPS at age 18.
- Sample math: Rs.6,000/month at 10% returns over the child's lifetime grows to Rs.19.02 crore corpus from Rs.36 lakh invested (Rs.18.66 crore gain).
- At retirement, that Rs.19 crore corpus could provide Rs.7.94 lakh/month pension for 20 years (assuming 2% real return).
- Host strongly recommends every parent open this account; debunks distributor counter-pitches favouring ULIPs/child plans.
NPS VatsalyaChild InvestmentRetirementEquityGovernment Scheme
Original description
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