Nps vatsalya scheme: NPS Vatsalya is a

NPS Vatsalya is a new pension scheme for minors, launched by Union Finance Minister Nirmala Sitharaman, allowing parents to contribute to their children's financial future. It promotes early savings and offers flexible investment options until the child turns 18. Learn about NPS Vatsalya Scheme for minors under 18 —features, eligibility, contributions, withdrawal, and exit process. A complete guide to open an NPS Vatsalya account. NPS Vatsalya Scheme Contributory Pension Scheme regulated and administered by the PFRDA. What is the NPS Vatsalya Scheme : Learn about its applicability, eligibility, tax benefits, and step-by-step guide on how to apply online. The Budget 2024 envisaged introducing the NPS Vatsalya scheme , where parents can open an NPS account for their children and secure their financial lives.