Secure Your Child’s Future with Vatsalya NPS Scheme - UTI PFL

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The Vatsalya National Pension Scheme (NPS) for Children is designed to help parents build a secure financial foundation for their children's future.nn Visit - // /open-nps-account.

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Uploaded on Nov 13, 2024 | 1 Views

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Secure Your Childs Future with Vatsalya National Pension Scheme

Introduction of Vatsalya National Pension Scheme What is the Vatasalya NPS Scheme? The Vatsalya National Pension Scheme (NPS) for Children is designed to help parents build a secure financial foundation for their children s future. Who can open? Open to parents or guardians wishing to save systematically for their child s future financial stability. Goal: Ensures that children receive a steady income upon reaching adulthood, particularly useful for higher education, life events, and financial independence.

Key Features of the Vatsalya NPS Scheme Early Investment Advantage: Start as early as possible to maximize the power of compounding and secure substantial savings for your child. Flexible Contributions: Allows parents to decide on a contribution amount that aligns with their budget and financial goals. Secure and Regulated: A government-backed scheme ensures safety and transparency. Tax Benefits: Contributions are eligible for tax deductions under Section 80C of the Income Tax Act. Maturity Benefit: Provides a lump sum or annuity option when the child reaches maturity.

How to Enroll Vatsalya NPS Scheme How to Enroll Vatsalya NPS Scheme How to Enroll Vatsalya NPS Scheme for Children? for Children? for Children? Eligibility: For the Child: Available to children aged below 18 years. Parent/Guardian: Acts as the account holder and contributes on behalf of the child. Enrollment Steps: Visit the official NPS portal or UTI Pension Fund. Complete Application: Fill out the child's details and guardian s information. Select Contribution Amount: Choose a monthly or yearly contribution plan. Submit Necessary Documents: Include child s birth certificate and guardian s KYC documents.

Why Choose Vatsalya NPS Scheme for Children ? Financial Independence: Assures a stable income when the child reaches adulthood, providing a solid start in life. Tax Savings: Contributes to tax savings for the guardian while building a corpus. Flexible Withdrawal: Partial withdrawals are allowed for specific purposes, like higher education. Maturity Options: Provides either a lump sum or an annuity plan, giving flexibility based on the child s future needs. Power of Compounding: Long-term contributions grow significantly due to compounding.

Invest Today for Your Childs Tomorrow Step 1: Define your financial goals for your child and the amount to invest. Step 2: Visit the nearest enrollment center or use the online application to start. Step 3: Set up an auto-debit option for hassle-free contributions. Step 4: Monitor your investment to ensure it aligns with changing needs. The Vatsalya NPS Scheme for Children provides a safety net and a head start invest in your child s future today!