NPS Vatsalya Scheme: The Modi government of the centre has implemented a good scheme in the name of children. Its name is NPS Vatsalya Scheme. Under this scheme, you can start with a minimum investment of Rs. 1000. If you invest under this scheme, a huge amount of Rs. 11 crore will be deposited in the name of your child. Let's know how it is possible now.

This NPS Vatsalya Scheme is managed by the Pension Regulatory and Development Authority. This scheme is specifically designed to invest money in the name of children and minors. In this, a minimum of Rs. 1000 can be invested per month. There is no maximum amount that can be invested. There is no limit to it.

If you invest ₹1,000 per month in the name of your child under this scheme, the total amount will be ₹2,16,000 after 18 years. If you deposit at an annual interest rate of 12.86 per cent, the interest income will be Rs.6,32,000. If you add the deposit amount with interest, you will get 8 lakh 48 thousand rupees.

Under this scheme, you will also have the opportunity to withdraw 20% of the money. If you deposit the remaining 80% of the money, i.e. Rs. 6.78 lakhs, under an annuity scheme, your money will get a big return at the time of retirement.
If you invest Rs. 10,000 per month in this scheme and deposit it as interest at a rate of return of 12.86%, your children have the opportunity to get Rs. 11.5 crores by the time they turn 60.