The central government announced a new scheme in this budget named NPS Vatsalya Yojana. This scheme is getting a very good response so far. It has been 2 weeks since this scheme was started, and more than 33 thousand enrolments have been done. Of these, the maximum 60% has been done through online.
This scheme was flagged off by Finance Minister Smt. Sitharaman ji on September 18, 2024. Under this scheme, parents can open pension accounts for children up to 18 years of age.
In this, a minimum amount of Rs 1000 can be deposited every month in the name of the child. On the first day, 18 September, applications were given to 9700 children.
PFRDA will oversee this new NPS Vatsalya Yojana. One of its officials said that till September 24, a total of 27000 children’s accounts were opened, while by September 29 this figure had increased to 32964.
Most of these accounts are opened through e-NPS. The official said that if parents deposit a minimum of Rs 1000 every month in these accounts for their children, then by the time they turn 18, they can earn a lot of money for them.
Who can invest
Under the NPS Vatsalya Yojana, if any parent wants to take this pension scheme for their children, they must keep some things in mind. First, you have to decide how much of a minimum investment you must make every month.
For this, the age of your children should be below 18 years. It is mandatory to have the date of birth proof of your children. After having both of these, you can invest in this scheme.
What will be the minimum amount?
If a person opens an account in NPS Vatsalya Yojana for his children, then it will be mandatory for him to invest a minimum of Rs 1000 every month. No maximum limit has been announced for this yet.
If you want, you can increase the investment amount occasionally at your convenience. The government has also provided a facility for this. NPS Vatsalya Yojana can prove to be a milestone for your children’s future.