Union Finance Minister Nirmala Sitharaman unveiled NPS Vatsalya Yojana, allowing parents and guardians to make contributions for minors. The scheme, featuring flexible investment options, is accessible to families from various economic backgrounds and managed by the PFRDA.

NPS Vatsalya is the central government’s new pension plan for children, which Finance Minister Nirmala Sitharaman is launching today. We have all the details.

In a significant development aimed at strengthening long-term financial security and fostering early savings habits, Union Minister for Finance and Corporate Affairs,

During her keynote address, Smt. Sitharaman emphasized that NPS Vatsalya aligns with Prime Minister Narendra Modi’s vision of a developed India by 2047.

Finance Minister Nirmala Sitharaman introduced the NPS Vatsalya scheme on Tuesday, enabling parents to invest in a pension account for their children’s future. This new initiative allows parents to start saving for their child's retirement at an early stage.

NPS Vatsalya is a pension scheme designed for minors. This initiative was rolled out across 75 locations nationwide with over 250 PRANs (permanent retirement account numbers) being allocated to young subscribers.

Sitharaman also launched an online platform for subscribing to NPS Vatsalya and released the scheme brochure. NPS Vatsalya is an extension of the already existing NPS to children. In the last 10 years,

Scheme gives access to a variety of investment options but may not suit for people who desire liquidity in their investments

NPS Vatsalya enables parents to safeguard their child's future through a pension account and leverage the benefits of compounding for long-term wealth