NPS Vatsalya Calculator: Estimate Your Child’s Future Retirement Savings

Calculate Your Future Pension with NPS Vatsalya

Welcome to our NPS Vatsalya Pension Calculator. This tool allows you to estimate how your contributions to the NPS Vatsalya Scheme will grow over time. By inputting your details, you can project your child’s future retirement savings and make informed financial decisions.

How to Use the NPS Vatsalya Calculator

Follow the steps below to use our calculator:

1. Enter your child’s date of birth to calculate their current age.
2. Input the monthly contribution amount and expected annual return rate.
3. Specify the retirement age and percentage of corpus allocated for annuity.
4. Click “Calculate” to see the projected monthly annuity and lump sum amount.

Why Use NPS Vatsalya?

The NPS Vatsalya Scheme helps parents secure their child’s financial future by allowing early contributions to a pension fund. This scheme converts to a standard NPS account when the child turns 18, ensuring a well-planned retirement corpus.

Frequently Asked Questions

1. What is the NPS Vatsalya Scheme?

The NPS Vatsalya Scheme is a pension plan that allows parents to contribute to a retirement fund for their minor children, which converts into a regular NPS account upon reaching adulthood.

2. Who can use the NPS Vatsalya Pension Calculator?

Anyone interested in estimating the future value of contributions to the NPS Vatsalya Scheme can use this calculator.

3.How accurate are the results from the calculator?

The calculator provides estimates based on the inputs provided. Actual results may vary based on investment performance and other factors.