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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 20, 2024 · 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.
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.
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 · What is NPS Vatsalya Scheme. NPS Vatsalya is a scheme for minor children where parents or guardians can contribute to a National Pension Scheme (NPS) account in the name of the child until they reach the maturity age of 18 years. The NPS Vatsalya scheme was introduced in Budget 2024 by the Government of India.
Backed by the Government of India, NPS provides impressive long-term savings options for you to plan your retirement time efficiently by investing in this safe market-based plan. Well Regulated & Transparent
Aug 7, 2024 · The Union Budget 2024 has introduced an exciting new scheme called NPS Vatsalya, designed to help parents and guardians secure their children's financial future. This innovative program, part of the National Pension Scheme (NPS), offers a long-term savings solution that grows with your child. What is NPS Vatsalya?
