SSY vs NPS Vatsalya for Girl Child: Which scheme should parents with limited funds choose?

Finance Minister Nirmala Sitharaman on Wednesday launched a special version of the popular NPS pension scheme, called NPS Vatsalya, aimed at enabling parents or guardians to build a post-retirement corpus on behalf of their minor children through market-linked returns.Parents with limited investible surplus now have two government-backed options to plan for their child’s future: Sukanya Samriddhi Yojana (SSY) and NPS Vatsalya.