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Who oversees the administration of NPS Vatsalya?
What is NPS Vatsalya?
What are the benefits of NPS Vatsalya scheme?
What is NPS Vatsalya scheme for minors?
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.
Who can register for NPS? Individual Subscribers. Between 18-70 years can join. Easy and multiple registration options (Aadhaar, Digilocker etc.) Open Tier I (Pension A/c) and Tier II (Add-on investment A/c). REGISTER NOW. SEE DOCUMENTS.
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.
Sep 18, 2024 · NPS Vatsalya is Government’s forward-thinking approach, under the overarching objective of provision of social security for all: PFRDA Chairman. Union Finance Minister also launched an online platform for subscribing to NPS Vatsalya and released the scheme brochure.
Sep 18, 2024 · NPS Vatsalya represents a significant advancement in India's pension system, aims to start early in safeguarding children's financial future. The Pension Fund Regulatory and Development Authority (PFRDA) will oversee the Scheme's administration.
Sep 20, 2024 · Benefits of NPS Vatsalya Scheme. The NPS Vatsalya scheme offers numerous benefits, primarily fostering early financial security and savings habits in children. By allowing parents to contribute as little as Rs 1,000 per month, the scheme is accessible to families across various income levels, while offering no upper limit for greater flexibility.
Sep 16, 2024 · In pursuance of the announcement in the Union Budget 2024-25, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will launch the NPS Vatsalya scheme on September 18, 2024, in New Delhi. School children will also join the launch.
