NPS Vatsalya Scheme, launched on 18th September 2024, is a contributory pension plan aimed at fostering a fully pensioned society. It enables parents or ...

The NPS Vatsalya is the newest government-backed investment scheme centred around minor children. Parents can open an NPS account in the name of minor children to save for their retirement.

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 ...

The latest Union Budget has expanded tax deductions for contributions made to the National Pension System's Vatsalya child ...

The scheme allows partial withdrawals after three ... corpus as a lump sum or use 80% to purchase an annuity. To open an NPS Vatsalya account, minors need to provide proof of date of birth ...

Watch now! On September 18, Finance Minister Nirmala Sitharaman rolled out the National Pension System (NPS) - Vatsalya, a scheme meant for parents who wish to create a long-term corpus for their ...