NPS Vatsalya: How can you generate Rs 100 crore retirement corpus for your child at 60 years of age?

NPS Vatsalya is simply a peculiar pension program for Indian children aged 0-18. Parents tin unfastened an relationship for their children, giving them a caput commencement connected redeeming for retirement. Let's spot however your kid tin physique a monolithic Rs 100 crore status money by the clip they are 60 years old. 

NPS Vatsalya scheme?

NPS Vatsalya is simply a peculiar savings program for kids successful India that helps them hole for retirement. It's managed by PFRDA ((Pension Fund Regulatory and Development Authority), a authorities agency, and teaches kids bully fiscal habits from a young age.

Who is eligible for NPS Vatsalya scheme?

All insignificant citizens/children (till 0-18 years of age) are eligible.

Who tin run NPS Vatsalya account?

The Account tin beryllium opened successful the sanction of a insignificant and operated by Parent/Guardian. Minor to beryllium the sole beneficiary.

What is minimum publication successful NPS Vatsalya?

The minimum publication magnitude is Rs 1000, and determination is nary maximum limit. 

Where tin you unfastened NPS Vatsalya account?

NPS Vatsalya relationship tin beryllium opened done a Point of Presence (POP) registered with PFRDA either online oregon successful carnal mode, which includes large banks, India Post, Pension Fund, etc. 

What are the documents required to unfastened NPS Vatsalya account?

• Date of Birth impervious of the Minor (Birth certificate, School leaving certificate, Matriculation Certificate, PAN, Passport)
• KYC of the parent/Guardian shall beryllium carried retired by submitting Proof of Identity and Address (Aadhaar, Driving License, Passport, Voter ID card, NREGA Job Card, National Population Register)
• Permanent Account Number (PAN) of the parent/Guardian

Investment enactment successful NPS Vatsalya

NPS Vatsalya successful India offers 2 kinds of concern options to investors, progressive prime concern and car prime investment. Here, we volition spell with the progressive choice. 

What is the adjacent measurement aft the kid turns 18?

• They volition beryllium shifted to NPS Tier – I 
• A caller KYC of the insignificant volition beryllium done wrong 3 months from the day of attaining 18 years. 

NPS Vatsalya: What volition beryllium your monthly concern to make Rs 100 crore status corpus?

Your monthly concern volition beryllium Rs 5,500.

NPS Vatsalya: What volition beryllium your status corpus with monthly concern of Rs 5,500

We person utilized the authoritative NPS calculator to bash the calculations. We person taken 6.75 per cent annualised return, and a measurement up of 5 per cent (annually).
If you put Rs 5,500 monthly successful the scheme. By the clip your kid turns 60 years old, they volition person a status corpus of Rs 100 crore. Let's interruption the calculation for amended understanding. 

NPS Vatsalya: What volition beryllium your status corpus?

The full concern volition beryllium Rs 2,33,36,525, the estimated superior gains volition beryllium Rs 98,40,14,537, and the maturity magnitude volition beryllium Rs 1,00,73,51,062.

NPS Vatsalya: What volition beryllium your child’s monthly pension?

The monthly pension volition beryllium Rs 22,66,540. 

(Disclaimer: Our calculations are projections and not concern advice. Do your owed diligence oregon consult an adept for fiscal planning)