NPS Vatsalya is a contributory pension system under the National Pension System ( NPS ). Its objective is to create a pensioned society and encourage the empowerment of children by inculcating the habit of saving for retirement from an early age. Explore NPS Vatsalya , a compassionate pension initiative by PFRDA for dependent children of deceased government subscribers under the National Pension System ( NPS ). Learn about eligibility, benefits, and enrollment process. The objective of the NPS Vatsalya Calculator The main objective of launching the NPS Vatsalya Calculator is to help the citizens get an estimate of the return under the scheme. The interest rate under the scheme is comparatively higher than any other saving scheme for children in India. To use the calculator online the citizens just need to enter the date of birth of the child, annual or monthly contribution, and annual increase in contribution. After checking the maturity amount the citizen ... Indian Government has taken the initiative to launch the NPS Vatsalya Scheme 2025 which aimed at encouraging long-term savings for minors. This scheme allow parents and guardians to invest on behalf of their children.