NPS Vatsalya: Pioneering Pension Security for Future Generations
The NPS Vatsalya Scheme aims to cultivate a culture of financial security and inter-generational equity by promoting early savings for minors. Launched in September 2024, the scheme already registers 1.30 lakh minor subscribers. It features tax deductions and easy registration, facilitating a pan-India reach.
- Country:
- India
The NPS Vatsalya Scheme, a promising initiative launched in September 2024, targets early financial security for minors. As of August 2025, 1.30 lakh subscribers are already registered, demonstrating the scheme's rapid adoption.
Administratively structured to offer tax deductions under u/s 80CCD (1B), the scheme encourages parents or guardians to contribute a minimum of Rs 1,000 annually, with no upper limit. The regulation is overseen by the Pension Fund Regulatory and Development Authority.
To ensure broad accessibility, the scheme utilizes Points of Presence across India, and an online platform provided by the NPS Trust. The focus is on creating a fully pensioned society with comprehensive coverage for all citizens, including government employees.
(With inputs from agencies.)
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