NPS Vatsalya Scheme: Invest Rs. 1,000 Monthly, Get Rs. 62 Lakhs for Your Child's Future!

• The NPS Vatsalya Scheme, a central government initiative, allows parents to invest for their children's future.
• An account can be opened for individuals under 18 years, with a minimum monthly investment of Rs. 1,000.
• Investing Rs. 1,000 per month for 30 years can yield over Rs. 62 lakhs for your child.
• Upon maturity after 30 years, 60% (over Rs. 37 lakhs) can be withdrawn as a lump sum, with the rest providing a monthly pension of over Rs. 12,000.
• Long-term investment until age 60, with Rs. 7.2 lakhs deposited, could potentially grow to Rs. 11.57 crores due to compounding at a 14% average return.

Why It Matters: The NPS Vatsalya Scheme offers a significant return on a small monthly investment for children's secure future.