In a new development, Finance Minister Nirmala Sitharaman announced the NPS Vatsalya scheme , which extends the NPS benefits to minors, allowing parents and guardians to start investing early for ...
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NPS vs NPS Vatsalya: Finance Minister Nirmala Sitharaman opened the National Pension System (NPS) to minors on Wednesday ...
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 ...
Some key benefits of investing in the NPS Vatsalya plan: Attractive returns as the funds are invested across equities, corporate bonds, government securities, etc. Low charges with a total expense ...
NPS Vatsalya Scheme, launched on 18th September 2024, is a contributory pension plan aimed at fostering a fully pensioned society. It enables parents or ...
Under NPS Vatsalya, the minimum contribution for the scheme is Rs 1,000 annually and a pension would accrue after 60 years of age. Sitharaman said that the NPS scheme has generated competitive ...
NPS Vatsalya seems to be a non-starter in the present model and citizens have better avenues with accessibility and tax efficiency, like equity mutual funds available to save for their needs.
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