ICICI Pension Fund Management Limited

Financial planning isn’t only about building your own future - it can also mean laying a foundation for the next generation. The NPS Vatsalya Scheme enables just that by allowing parents or guardians to open a minor account in NPS for children under 18.  This early start creates space for long-term growth, teaching financial discipline and planting the seed for a secure retirement journey that begins well in advance.  What is the NPS Vatsalya Scheme? The NPS Vatsalya Scheme allows a parent or guardian to open and manage a minor account in NPS . The child becomes the account holder once they turn 18, after which they take full ownership and can continue contributing independently. This account functions under the Retail NPS model , offering the same benefits as a regular NPS account - customizable asset allocation, flexible contributions, and transparency - while giving a head start in long-term financial planning. Why consider NPS for children? Starting early means giving time...

Food for thought. Your financial future is in your hands. Making the right decision about your retirement planning doesn’t need to be complicated, especially with the National Pension System (NPS) by ICICI Prudential PFM. This plan is designed to provide a safe and flexible Contribution Retirement Savings Scheme, as your gateway to financial security. Let's dive into it to explore why NPS is your ideal choice for a stable and secure retirement in the golden years. What’s the Minimum Contribution to Open an NPS Account? The NPS pension scheme is accessible to everyone, whether you're employed, self-employed or even at the beginning of your career. Anyone can save for their future under this Retail NPS Model . Opening a Tier I account requires only a minimum contribution of ₹500 to start your NPS journey, while the optional Tier II account needs just ₹1000. The best thing about this Contribution Retirement Savings Scheme is that you can invest in your future without breaking the ...

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...