Thu, Sep 19, 2024
NPS Vatsalya vs NPS: Parents/guardians on behalf of minors/children in the 0-18 year age group can open an account. The account will be opened in the name of the minor, and a PRAN number will also be issued to him.
More >
Wed, Sep 18, 2024
NPS Vatsalya Calculator: Children from 0 to 18 years old will be eligible for the scheme. The NPS Vatsalya account can be closed or converted into a normal NPS account at 18 years of age.
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.
According to the Finance Ministry, minor subscribers will receive a Permanent Retirement Account Number under this scheme. Parents can invest in these pension accounts to build a sizable corpus for their children over time.
Compare the Sukanya Samriddhi Yojana (SSY) and NPS Vatsalya schemes, exploring which can best suited for parents with limited investible surplus seeking financial security for their girl child’s 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.
Mon, Sep 16, 2024
NPS Vatsalya scheme: The scheme provides flexible contribution and investment options. Parents can invest Rs 1,000 annually in the name of the child. Therefore, the scheme is accessible to families from all economic backgrounds.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.