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Sep 20, 2024 · The NPS Vatsalya Scheme proposed in Budget 2024 enables parents and guardians to start a National Pension Scheme (NPS) for their children. Under this scheme, parents and guardians can open an NPS account for their minor children and contribute an amount every month or year till the child reaches 18 years.
The NPS Vatsalya Scheme offers a range of benefits designed to secure your child’s financial future. Here’s an overview of its key features: Long-Term Protection: This scheme helps parents build a strong financial safety net for their children, ensuring long-term financial security.
NPS Vatsalya is a Contributory Pension Scheme regulated and administered by Pension Fund Regulatory and Development Authority (PFRDA) designed specifically for all Indian minor citizens till the age of 18 years. The online platform (eNPS) is the quickest way to open an NPS Vatsalya account.
Sep 18, 2024 · It is a retirement benefit scheme introduced by the Government of India to facilitate regular income post-retirement for all subscribers. It was launched on 1st January, 2004. Initially, NPS was introduced for the new government recruits (except the armed forces).
Nov 5, 2024 · How to Apply for NPS Vatsalya Scheme. Step 1: Visit the official eNPS Website and submit applications online through the portal. Step 2: Scroll down and click on the ‘Register Now’ option under the ‘NPS Vatsalya (Minors)’ tab. Step 3: Enter the guardian’s Date of Birth, PAN number, mobile number and email and click ‘Begin Registration’. Step 4: Enter the OTP received on the guardian’s mobile number and email. Step 5: Once the OTP is verified, the acknowledgement number will ...
Aug 7, 2024 · What is NPS Vatsalya? The Finance Minister has proposed a new National Pension System (NPS) scheme, NPS Vatsalya, designed for minors. Under this scheme, parents or guardians can contribute on their children's behalf. Upon reaching adulthood, the account can be seamlessly transitioned into a regular NPS account or non-NPS plan.
Oct 9, 2024 · Know about the NPS Vatsalya Scheme. Explore its key benefits and features, and how this new pension initiative helps parents secure their child's financial future.
Sep 18, 2024 · Finance Minister Nirmala Sitharaman on September 18 rolled out National Pension System (NPS)-Vatsalya, a scheme meant for parents who wish to create a long-term corpus for their children.
Sep 18, 2024 · The NPS Vatsalya scheme is designed to help parents save for their children’s future by creating long-term financial security. advertisement. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), it allows families to invest for their children's future starting at a young age, offering them the power of compounding over time.
Aug 28, 2024 · The National Pension Scheme (NPS) is a social security initiative by the Central Government. This pension programme is open to employees from the public, private and even the unorganised sectors, except those from the armed forces.
