If you want to know how much money you can get from the NPS Vatsalya scheme, the NPS Vatsalya Calculator is really helpful. This online tool lets you calculate the interest rate and expected returns of your investment in the NPS Vatsalya Scheme without needing to visit any office. You can simply use it from your home through the official website.
The Pension Fund Regulatory and Development Authority (PFRDA) manages the NPS Vatsalya scheme. This scheme helps Indian citizens save money for their children’s future with attractive interest rates and safe returns.
About the NPS Vatsalya Scheme
Launched by Finance Minister Mrs Nirmala Sitharaman on 18 September 2024, the NPS Vatsalya Scheme is made to help parents save money for their kids. Parents or guardians can open an account and deposit money that will grow until the child turns 18 years old.
The minimum deposit to start the scheme is INR 1000 with no upper limit on deposits. The interest rate offered is usually between 9.5% and 10%, which is higher than many other savings schemes for children.
Purpose of the NPS Vatsalya Calculator
The NPS Vatsalya Calculator helps you estimate the returns from your investments in this scheme. Just enter your child’s birth date, how much you plan to contribute monthly or yearly, and the yearly increase percentage. It then shows your expected maturity amount when the scheme ends.
This tool helps you plan better and decide how much to save for your child’s future, making your goals clear and easy to reach.
Main Features of NPS Vatsalya Calculator
| Scheme Name | NPS Vatsalya Calculator |
| Launched By | Government of India |
| Launch Date | 18 September 2024 |
| Announced By | Prime Minister of India |
| Purpose | Investment opportunity for children’s future |
| Beneficiaries | Indian children |
| Target Users | Citizens saving for their child’s future |
| Advantage | Secures children’s future with high returns |
| Eligibility | Permanent residents of India |
| Required Documents | Aadhaar card and bank account details |
| Application Process | Online |
| Official Website | https://www.npscra.nsdl.co.in/ |
| Expected Benefits | Attractive high interest rate |
| Contact Number | 022-2499 3499 |
Interest Rate Details
- The scheme offers interest rates between 9.5% and 10%.
Deposit Limits
- Minimum deposit: INR 1000 per year.
- No maximum deposit limit.
Also see: Atal Pension Yojana Calculator for more pension options.
Main Benefits of NPS Vatsalya Scheme
- Secure future: A smart way to save regularly to secure your child’s future.
- Higher returns: Offers better interest rates than many other child savings schemes.
- Safe investment: Supported by the Government of India, so it’s risk-free.
- Flexible deposits: Small amounts like INR 1000 can be invested, making it easy for everyone.
How Maturity Amount is Calculated
The maturity amount (A) is calculated using this formula:
A = P (1 + r/n) ^ (nt), where:
- A = Final amount
- P = Principal amount (total deposit)
- r = Interest rate (in decimal)
- n = Number of times interest is compounded in a year
- t = Number of years invested
Withdrawal and Maturity Rules
- Partial withdrawals: After 3 years of being an account holder, you can withdraw up to 25% for education, serious illness, or if the child has over 75% disability. Limited to 3 times before the child turns 18.
- Full withdrawal at age 18:
- If corpus is above INR 2.5 lakh, 80% must be used to buy an annuity; remaining 20% paid as lump sum.
- If corpus is INR 2.5 lakh or less, the entire amount is paid as lump sum.
- In case of child’s death: The whole corpus goes to the guardian or parents.
Closing the Account Early
- You can partially withdraw 25% after 3 years under certain conditions, as described above.
Using the NPS Vatsalya Pension Calculator
Annual
Monthly
Yearly
Benefits of the Calculator
- Simple inputs give you a clear idea of your future savings.
- Helps you plan the right monthly or yearly savings amount.
- Automatic updates of the current interest rate ensure accurate results.
- Lets you include yearly increases in your contributions to see future benefits.
How to Use the NPS Vatsalya Calculator Online
- Go to the official website https://www.npscra.nsdl.co.in/.
- Fill in your child’s date of birth, contribution frequency, amount, and increase percentage.
- Click the “Calculate Pension” button to see your expected maturity amount.
Contact Information
- Phone: 022-2499 3499
Frequently Asked Questions (FAQs)
Who can open an NPS Vatsalya account?
Any Indian citizen can open an account for their child before the child turns 18 years old.
What is the minimum contribution required?
The minimum yearly contribution is INR 1000.
How many partial withdrawals are allowed?
You can withdraw up to 3 times partially before the child turns 18, under certain conditions.