India, Jan. 13 -- The Government of India has issued a release:
The Pension Fund Regulatory and Development Authority (PFRDA) has issued the NPS Vatsalya Scheme Guidelines 2025, providing comprehensive information on the National Pension System Vatsalya (NPS Vatsalya). NPS Vatsalya is a contributory savings and long term financial security scheme designed exclusively for minors.
NPS Vatsalya was announced in the Union Budget for FY 2024-25 and subsequently launched on 18 September, 2024 by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. The scheme enables parents and legal guardians to systematically build long-term savings for their children from an early age, with a provision to shift to the National Pensi...