Union Finance Minister Nirmala Sitharaman unveiled NPS Vatsalya Yojana, allowing parents and guardians to make contributions for minors. The scheme, featuring flexible investment options, is accessible to families from various economic backgrounds and managed by the PFRDA.

NPS Vatsalya is the central government’s new pension plan for children, which Finance Minister Nirmala Sitharaman is launching today. We have all the details.

Finance Minister Nirmala Sitharaman launched the NPS Vatsalya Yojana on Wednesday. This scheme lets parents open a Vatsalya account for their children from birth up to 17 years old. When the child turns 18,

During her keynote address, Smt. Sitharaman emphasized that NPS Vatsalya aligns with Prime Minister Narendra Modi’s vision of a developed India by 2047.

In a significant move to secure the financial future of young children in India, the government has launched the NPS Vatsalya pension scheme, which offers flexible contributions and investment options for parents or guardians.

NPS Vatsalya is a pension scheme designed for minors. This initiative was rolled out across 75 locations nationwide with over 250 PRANs (permanent retirement account numbers) being allocated to young subscribers.

Sitharaman also launched an online platform for subscribing to NPS Vatsalya and released the scheme brochure. NPS Vatsalya is an extension of the already existing NPS to children. In the last 10 years,

Scheme gives access to a variety of investment options but may not suit for people who desire liquidity in their investments