Fri, Dec 13, 2024
NPS Vatsalya: After the introduction of NPS Vatsalya, National Pension System (NPS) is open to subscribers aged 0-75. NPS Vatsalya is specific to the 0-18 years of age group. A small monthly contribution in the scheme can create a large retirement corpus for your child because of the power of compounding.
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Fri, Oct 18, 2024
NPS vs NPS Vatsalya Calculator: National Pension System (NPS) provides compound returns, so if one avails the opportunity of investing in NPS Vatsalya and then in NPS till the retirement age of 60, their retirement corpus can be over Rs 35 crore with just Rs 2,500 monthly contribution.
Wed, Oct 09, 2024
Even as the SIP can be across asset classes, SSY offers a better return in comparison to Mutual Fund SIP.
Fri, Oct 04, 2024
NPS Vatsalya Calculator: Indian citizens, non-resident Indians, and Overseas Citizens of India are eligible for the NPS Vatsalya account. Parents/guardians can open the account on behalf of minors. The minor will get a Permanent Retirement Account Number (PRAN) and the account will also be in their name.
Tue, Oct 01, 2024
As we celebrate NPS Diwas today (October 1) to promote retirement planning, the initiative emphasizes the importance of securing one’s financial future through informed investment decisions.
Thu, Sep 26, 2024
After the launch of the novel NPS Vatsalya scheme which aims at securing child's future financially, you as a parent may be wondering whether NPS Vatsalya or SSY will fetch a better return if you have to choose between the two.Importantly, while the two schemes are not comparable with the SSY being sovereign-backed and the other a market-linked instrument, it will help us arrive at some estimates.
Wed, Sep 25, 2024
NPS Vatsalya Calculator: In NPS Vatsalya scheme, parents/guardians of minors 0-18 years of age can invest. The account is opened in the name of the minor and they also get the Permanent Retirement Account Number (PRAN).
Sun, Sep 22, 2024
Announced in Budget 2024-25, NPS Vatsalya is a contributory pension scheme for minor subscribers that enables parents or guardians to create a retirement corpus on behalf of their children. The NPS Vatsalya scheme is regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA), the country's pension fund regulator.
Thu, Sep 19, 2024
he new pension scheme, to be operated under the aegis of the Pension Fund Regulatory and Development Authority (PFRDA), was proposed in the first Budget of the Narendra Modi 3.0 government in July. The NPS Vatsalya scheme allows parents or guardians to build corpuses for their minor children until they attain 18 years of age. Upon attaining adulthood, the subscriber can convert the NPS Vatsalya account into a normal NPS account.
Wed, Sep 18, 2024
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.
Upon attaining the age of 18 years, the NPS Vatsalya account will seamlessly be converted into a regular NPS account.
NPS Vatsalya: Planning for your retirement and looking for a framework or guide. Discover how to build a robust retirement plan with NPS Vatsalya in just six easy steps. This guide covers essential aspects such as understanding your retirement needs, the power of compounding, the importance of starting early and choosing the right investment options. Whether you're new to retirement planning or looking to enhance your strategy, these actionable tips will help you secure your financial future.
Finance Minister Nirmala Sitharaman launched NPS Vatsalya scheme today (Wednesday, September 18, 2024). The market-linked scheme allows minors' entry into the National Pension System (NPS) retirement scheme. Parents and guardians can open an NPS Vatsalya account for minors. The account will be converted into a full NPS account when the minor attains 18 years of age.
Introduced in the first Budget under the Narendra Modi 3.0 government in July, NPS Vatsalya is an investment plan that will enable parents or guardians to make deposits, or contributions, on behalf of their minor children. The NPS Vatsalya plan will be operated by the Pension Fund Regulatory and Development Authority (PFRDA).
Fri, Jul 26, 2024
For arriving and reaching a determined goal one can always go for soverign backed SSY scheme, however, for wealth creation NPS Vatsalya will be a better option.
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