NPS Vatsalya Scheme: Eligibility, Investment Amount, Withdrawals, And How To Apply Online

#businessnews #nirmalasitharaman #NPSVatsalya #pfrda #financialsecurity #longterminvestment
Union Finance Minister Nirmala Sitharaman introduced NPS Vatsalya, the much-awaited online platform that can be used to apply for the NPS Vatsalya scheme, which is exclusively meant for young subscribers. NPS Vatsalya is a scheme where parents or guardians can start saving for their minor children and then have options to convert this account to an NPS Tier 1 later. The scheme, which is a long-term investment scheme, will be managed under the supervision of the Pension Fund Regulatory and Development Authority (PFRDA).
The NPS Vatsalya scheme is open to all Indian citizens, including NRIs, allowing them to create accounts for their minor children. Legal guardians of minors can also open an NPS Vatsalya account.
#MinorSavings #PensionScheme #NRIInvestments #NPS #ChildrensFuture #VatsalyaScheme #PensionFund
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[@n_p88]

Its High Time we understand . The more we make childrens life easy , the more they will keep getting lazy and spoiled . Serioulsy time to thing . Spoon feeding in everything will only make Childs life , future worst . Let him learn , Earn , Grow by himself/herself . To make Childs retirement good , Parents compromise with their present life only finding more ways to earn more and whatever parents earn , its never enough . Because they have to now also plan for kids retirement

[@rajeshbobba3851]

How will 1000 spoil child's future and life style of parents Secondly it will divert money from Realestate to liquid fund and decrease inflation in Realestate.

[@Peac249]

I absolutely agree.. i want my child to understand life when he grows up.. not make everything easy

[@rajeshbobba3851]

@@Peac249 1000 rupees investments will not spoil your kid. Decrease your exposure to realeaste and instead create a liquid corpus for children.

[@adjforever]

​@@rajeshbobba3851yes correct✅

[@nagashayanan4380]

What about tax on maturity value

[@nisanthan8338]

Good video