NPS Vatsalya: Start investing for your child's future with just ₹250; learn more about the scheme

Child Investment Plan: NPS Vatsalya is an investment scheme for minors, allowing parents or guardians to open an account in the child's name. Savings for the future can be initiated with an annual investment starting at ₹250.

NPS Vatsalya News: If you wish to start saving for your child's future at an early age, NPS Vatsalya could be an excellent option for you. This scheme is specifically designed for minors, enabling parents or legal guardians to open an account in the child's name and invest in it. A key feature is the ability to build a substantial fund for the child over the long term by starting with a small amount.

What is NPS Vatsalya for children?

Under the NPS (National Pension System) Vatsalya scheme, the account is held in the child's name, while operations are managed by their parents or legal guardians. A PRAN (Permanent Retirement Account Number) is also issued in the child's name. The primary objective of this investment is to initiate long-term savings for the child from an early age.

Who can open an NPS Vatsalya account?

Indian children under the age of 18 can open an account under this scheme.
As per the rules, NRI and OCI children are also eligible to open an account.
The account is opened in the child's name.
The account is operated by parents or legal guardians.
Relatives or friends of the child can also contribute to the account.

What is the minimum investment amount?

The minimum annual contribution for this scheme is set at ₹250. Consequently, parents wishing to invest a small amount for their child can start with as little as ₹250.

What documents are required?

For the child

Birth certificate
School leaving certificate or matriculation certificate
PAN card or passport, if available

For the guardian

Aadhaar card
PAN card or Form 60
Proof of identity and address
Voter ID
Driving license
Passport-sized photograph

How to open an NPS Vatsalya account

Several options are available for opening the account. Parents or guardians:
Parents or legal guardians can open an NPS Vatsalya account for the child through either online or offline modes.
Offline applications can be submitted through a PFRDA-registered Point of Presence (PoP).
The online facility of the respective PoP can also be utilized.
Applications can be submitted online via the eNPS platform.
The account can also be opened through other electronic modes approved by the PFRDA.