NPS Vatsalya Scheme .. Minimum investment Rs. 1,000 annually..!
NPS Vatsalya (National Pension System Vatsalya) will allow parents to save for their children's future by investing in a pension account and ensuring long-term wealth with the power of compounding. The scheme offers flexible contributions and investment options, allowing parents to make a minimum investment of Rs 1,000 annually in the name of the child, thus making it accessible to families from all economic backgrounds.
Financial future of children..!
This new initiative is designed to start early in securing the financial future of children, marking an important step in India's pension system. The scheme will be run under the Pension Fund Regulatory and Development Authority (PFRDA).
The launch of NPS Vatsalya highlights the government's commitment to promote long-term financial planning and security for all, the statement said. It is a big step toward making India's future generations more financially secure & independent, it added.
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