The recently launched NPS Vatsalya scheme for children by the central government has received a positive response. The central government recently announced the NPS scheme. Under this scheme, the facility of investment is being given in the name of children. And when the child completes 18 years of age, the account opened under the NPS Vatsalya scheme will be converted into an NPS pension account. The investment for the pension facility for children is starting from now.

There is also a lot of discussion among the people under this scheme. Ten thousand children’s accounts have been opened in the NPS Vatsalya scheme on the first day. According to various news agencies, the figures are constantly increasing. According to the news agency PTI, there was a good response in the NPS Vatsalya scheme on the first day of the launch. In this, 9700 accounts were opened in the name of minors.

Children under the age of 18 are eligible

Children who have not completed 18 years of age. They are being given the facility of investment under NPS Vatsalya scheme. A minimum deposit of Rs 1000 can be made. There is no maximum investment limit. The child’s name can be submitted as much as possible. The scheme initially offers a lock-in period of 3 years. In which 25 percent of the deposit can be withdrawn 3 times.

An amount of Rs crore can be added under the NPS Vatsalya scheme. By investing Rs 10000 every month, crores of rupees can be taken advantage of in this scheme. People are constantly joining under this scheme. This scheme is also a better option for the secure future and pension facility of the children.