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NPS Vatsalya
What is NPS Vatsalya?
NPS Vatsalya is a variant of the National Pension System designed for minor children upto 18 years of age. The account is opened in the name of the child and managed by a parent or legal guardian until the child attains adulthood. Investments made during the early years benefit from long-term compounding, enabling systematic wealth creation over time.
On attaining majority, the account seamlessly transitions into a regular NPS account, ensuring continuity in retirement planning.
The only document you require for minor is birth proof.
Click Here To Open Your NPS Vatsalya Account1
Account opened in the name of a minor, operated by a guardian
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Long-term, market-linked investments under NPS framework
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Choice of investment options as per NPS norms
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Seamless transition to regular NPS on attainment of age eligibility
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Regulated by Pension Fund Regulatory and Development Authority (PFRDA)
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Ideal for early financial planning and retirement readiness
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Minimum contribution of ₹250 to open the account
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No upper limit on contributions
Minimum Contribution Requirements for NPS Vatsalya
You can open an account with just ₹250. The minimum annual contribution required to keep the account active is also ₹250. There is no maximum limit on contributions.
Investment Options Available in NPS Vatsalya
Guardians can choose from various Pension Funds registered with PFRDA. Asset allocation is based on the applicable NPS framework and the selected Pension Fund.
Charges and Fees Under NPS Vatsalya
The costs associated with the scheme are low so that a major part of the contribution can go towards investment rather than expenses.