NPS Vatsalya Scheme: A Prudent Beginning for Your Children’s Financial Future
As a parent, safeguarding your child's financial future is one of the most precious gifts you can give them. Owing to constant rise in costs and financial ambiguities, it becomes more decisive than ever to start planning early. To streamline this process, the Indian government presented the NPS Vatsalya Scheme in the Union Budget 2024. Launched on 18 September 2024, this one-of-a-kind initiative under the Retail NPS Model is devised for children under 18 with the ambition to help them build a sturdy financial base for later life. Advantages of the NPS Vatsalya Scheme The NPS Vatsalya Scheme governed by the Pension Fund Regulatory and Development Authority (PFRDA), brings you a host of benefits conceived to meet the financial needs of the children. It lets parents or guardians to build a long-term corpus, providing financial security for their child's future. Here are some key benefits of the scheme making it the smart choice. 1. Long-term financial security – The disti...