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Source: Live Mint NPS Vatsalya is a National Pension System (NPS) contributory new pension scheme for minors. Its goal is to empower kids by establishing the retirement savings habit at a young age. By allowing parents to deposit a minimum of ₹1,000 per month with no upper limit, the NPS Vatsalya scheme helps children develop…
Source: Live Mint The unveiling of NPS Vatsalya, a contributory pension scheme for children, by Union finance minister Nirmala Sitharaman, first announced in her 2024-25 budget speech, marks an important step towards the social security of our citizens. The National Pension System (NPS) was envisaged in 2004 as a jointly funded contributory pension scheme for…
Source: Business Standard Saving, Save Money, Economy, Money(Photo: Shutterstock) NPS Vatsalya is a specialized scheme within the National Pension System (NPS) designed specifically for children. Under NPS Vatsalya, parents can begin saving for their child’s retirement even before their kids turn 18.When the child reaches 18, NPS Vatsalya will seamlessly convert into a regular…
Source: Business Standard 4 min read Last Updated : Sep 20 2024 | 5:31 PM IST The government recently launched National Pension System Vatsalya (NPS Vatsalya), a retirement saving scheme for children that was introduced in the Union Budget for 2024-25 on July 23. What is the NPS Vatsalya scheme? …
Source: Business Standard Finance Minister Nirmala Sitharaman launched the NPS (National Pension Scheme) Vatsalya Scheme on Wednesday that will allow parents to save for their children’s future by investing in a pension account. (Photo: PTI) 1 min read Last Updated : Sep 20 2024 | 9:48 PM IST About 9,700 minor subscribers have been…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 7:51 AM IST The government has launched NPS Vatsalya, a scheme that aims to promote retirement savings from an early age. While this is a good initiative, parents should be aware that liquidity is a constraint in this product. Read the lead…
Source: Live Mint NPS Vatsalya is a new initiative within the National Pension System dedicated to securing the financial future of children. Union Finance Minister Nirmala Sitharaman launched the NPS Vatsalya Yojana, which was announced in the July Budget 2024, on Wednesday, September 18. It will be managed under the Pension Fund Regulatory and Development…
