New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharama, launched the National Pension System Vatsalya (NPS Vatsalya), a pension scheme designed for minors, on Wednesday. Announced in the Union Budget 2024-25 on July 23, 2024, the scheme is an extension of the existing NPS to include children. Sitharaman also introduced an online platform […]

NPS Vatsalya: If parents contribute Rs 10,000 annually to their child's NPS Vatsalya account for 18 years, a fund of Rs 5 lakh will be accumulated at an estimated return of 10%.

The government has launched a new scheme under the National Pension System (NPS) aimed at financially securing the future of children.

Nirmala Sitharaman introduces NPS Vatsalya scheme, a new pension plan for minors with minimum ₹1,000 contribution annually.

Finance Minister Nirmala Sitharaman on Wednesday (September 18, 2024) launched the NPS Vatsalya scheme, which will allow parents to save for their children’s future by investing in a pension account.

The scheme, announced during the Budget in July 2024, is designed for parents and guardians to make long-term investments for their minor children.

NPS Vatsalya enables parents or guardians to open a pension account for minors and contribute as little as Rs 1,000 annually, making it accessible to families from various economic backgrounds.

Finance Minister Nirmala Sitharaman on Tuesday launched the NPS Vatsalya scheme, which will allow parents to save for their children's future by investing in a pension account.

New Delhi, September 18: Finance Minister Nirmala Sitharaman on Tuesday launched the NPS Vatsalya scheme, which will allow parents to save for their

NPS Vatsalya Scheme Overview: Finance Minister Nirmala Sitharaman has introduced the NPS Vatsalya scheme, allowing parents to open pension accounts for their minor children. Aimed at securing long-term financial stability, the scheme converts to a regular NPS account when the child turns 18.