NPS Vatsalya Scheme: How to Invest and Withdraw | Benefits and Eligibility Explained
NPS Vatsalya Scheme: Securing Your Child's Future, Today! Planning for your child's future is an essential responsibility. The recently launched NPS Vatsalya scheme offers a unique opportunity to start early and build a substantial retirement corpus for your child. This informative guide delves into the details of the NPS Vatsalya scheme, explaining its eligibility criteria, investment options, withdrawal rules, and the potential benefits it offers. What is the NPS Vatsalya Scheme ? The NPS Vatsalya Yojana is a government-backed pension scheme designed specifically for children. It allows parents or legal guardians to open a pension account on behalf of their minor children (below 18 years old). Contributions made to this scheme benefit from the power of compound interest, leading to a significant corpus over time. Key Benefits of NPS Vatsalya: Early Start: Investing in NPS Vatsalya from a young age allows you to leverage the power of compound interest, maximizing returns o...