The NPS Vatsalya scheme enables parents to invest in the name of their children until they reach 18 years of age. The primary goal is to amass a substantial corpus for the children over an extended period.

The NPS Vatsalya program allows parents to make monthly investments starting from as low as Rs1,000, with no upper limit. It is designed to support the government's pledge to ensure overall financial security by providing its members with a secure and dignified financial future.

NPS Vatsalya accounts are available at banks like ICICI, SBI, Axis, Canara, Central Bank, Indian Overseas, and Bank of Maharashtra, providing parents an easy way to invest in their children's financial future.

For children’s higher education, which is the top goal for parents, equity mutual funds constitute a better vehicle, say financial advisors. Even amongst government schemes, PPF and Sukanya Samriddhi score over NPS Vatsalya as they make funds available when education funding needs arise.

The National Pension System (NPS) is a cost-effective and well-regulated pension scheme that offers competitive returns. The equity component has shown a 14.2% annual growth rate since its launch, while the mixed debt-equity scheme for central government employees has generated a 9.

Unveiled by Nirmala Sitharaman, NPS Vatsalya is a groundbreaking pension plan designed for minors. Launched across 75 locations, it has already issued over 250 PRANs, providing a future safety net for

Under the NPS Vatsalya scheme, parents can invest a minimum of Rs 1,000 per month with no upper limit. The scheme will be operated by parents until the child reaches 18. At the age of 18, the account will transition into the child's name. It can then be seamlessly converted into a regular NPS account or another non-NPS scheme.

Upon turning 18, child's account will be converted into a standard NPS account, subject to the submission of the necessary KYC documents

The NPS Vatsalya scheme allows parents to contribute as little as ₹1,000 annually in the child's name, making it accessible for families from all backgrounds

Parents have the option to utilize NPS Vatsalya to establish savings for their children's future by opening a pension account and taking advantage of the power of compounding for long-term wealth. NPS Vatsalya offers flexible contribution and investment options,

The scheme, overseen by the Pension Fund Regulatory and Development Authority (PFRDA), is part of the National Pension System (NPS) and aims to help parents and guardians begin retirement savings for