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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 desire for early retirement is gaining popularity as more individuals aim to escape the traditional work timeline and achieve financial independence before the usual retirement age of 60. The National Pension System (NPS) is an excellent option for those seeking early retirement, offering a balanced combination of wealth creation, tax benefits,…
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…
