Discover how parents can now invest in their children's future with the newly launched NPS Vatsalya scheme!
In a groundbreaking move to secure the financial futures of children across India, the Finance Minister Nirmala Sitharaman launched the NPS Vatsalya scheme on September 18 at Vigyan Bhawan, New Delhi. Designed as a long-term investment option, this scheme allows parents and guardians to open a pension account specifically for their minors, building a sizable corpus over time. Just imagine your kids growing up to have their dream lifestyle, all thanks to an investment you started when they were little!
With the NPS Vatsalya scheme, parents now have the golden opportunity to start investing for their children’s future with contributions as low as Rs 1000 annually. This scheme serves as an extension of the already popular National Pension Scheme (NPS), but with a focus on kids, because let’s be real – who wouldn't want to give their children a head start in life? The underlying philosophy is sexy: secure funds for future education, marriage, or even a startup fund – the options are limitless!
Eligibility is pretty straightforward; parents just need to establish that they are the legal guardians of the child, which allows them to kickstart the investment. Not only does it cater to middle-class families, but it also incentivizes early investment—a win-win situation when we think about those skyrocketing education costs in India!
What stands out is how this initiative aligns with the government’s larger vision of fostering financial independence among the younger generation. And as we cuddle up with thoughts of our children’s future, let’s also give a moment to appreciate the importance of saving early. With NPS Vatsalya, you can ensure that your kiddos are set up for a life where money is one less thing to worry about!
Fun Fact: Did you know that the NPS was originally launched in 2004 and has since evolved to become one of India's most trusted retirement savings options? And here’s another perk— by investing in NPS Vatsalya, you not only secure your child's future, but you also receive tax benefits under section 80C of the Income Tax Act! So, who’s ready to launch their child’s financial journey?
The NPS Vatsalya scheme, which is a long-term investment scheme, will be managed under the supervision of the Pension Fund Regulatory and Development ...
The NPS Vatsalya scheme was launched nationwide by Union Minister of Finance and Corporate Affairs Nirmala Sitaraman on September 18 at Vigyan Bhawan, New Delhi ...
NPS Vatsalya is an extension of the existing National Pension Scheme (NPS) but focuses on children.
NPS Vatsalya enables parents or guardians to open a pension account for minors and contribute as little as Rs 1000 annually, making it accessible to ...
NPS Vatsalya is targeted at parents who want to secure their children's financial future by creating a large corpus over the long-term. The scheme was first ...
Union Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya scheme today (September 18) in line with the announcement made in the Union ...
At the launch event, Union Finance Minister Nirmala Sitharaman will introduce the scheme brochure and reveal an online portal for subscribing to NPS ...
बच्चों के फ्यूचर को सुरक्षित करने वाली इस स्कीम के तहत निवेश और पेंशन कंट्रीब्यूशन के लिए एक आसान विकल्प मिलता है.
Explore the Mission Vatsalya Scheme, a child pension initiative by FM Nirmala Sitaraman focused on ensuring financial stability for children from ...
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NPS Vatsalya Scheme: वित्त मंत्री निर्मला सीतारमण ने NPS वात्सल्य स्कीम को लॉन्च कर दिया है. इस स्कीम का ऐलान बजट 2024-25 में किया गया था.
NPS Vatsalya Scheme: वित्त मंत्री निर्मला सीतारमण ने हाल ही में एनपीएस वात्सल्य योजना को लांच किया, जो बच्चों की वित्तीय स्थिति को मजबूत ...
NPS Vatsalya: टाटा पेंशन मैनेजमेंट के सीईओ कुरियन जोस बताते हैं कि अकाउंट नाबालिग के नाम पर खोला जाता है और उसके अभिभावक इसे ऑपरेट ...
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NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said the old-age financial security scheme, National Pension System (NPS) is a “very ...
NPS Account: इस स्कीम में आप सिर्फ 1000 रुपये सालाना से बच्चों के लिए निवेश कर पाएंगे. बच्चे के 18 साल का होने पर इसे रेगुलर अकाउंट भी ...
Finance Minister Nirmala Sitharaman on September 18 rolled out National Pension System (NPS)-Vatsalya, a scheme meant for parents who wish to create a ...
The NPS Vatsalya scheme was officially launched today by Finance Minister Nirmala Sitharaman nearly two months after she announced the mega ...
NPS Vatsalya is a new initiative within the National Pension System dedicated to securing the financial future of children. Union Finance Minister Nirmala ...
वित्त मंत्री निर्मला सीतारमण एनपीएस वात्सल्य योजना (NPS Vatsalya Scheme) शुरू कर दी है। यह योजना सेविंग-कम-रिटायरमेंट स्कीम है।
The launching of New Pension Scheme - NPS vatsalya through video conferences was held at the State Level Bank Committee office, Kohima on 18th September ...
"The NPS Vatsalya Scheme has been implemented as a savings-cum-pension scheme which enables parents to invest in an NPS account on behalf of their minor ...
The NPS Vatsalya account is designed for children under 18 years of age, allowing parents or guardians to open and contribute funds on behalf of the minor.
बच्चों के फ्यूचर को सुरक्षित करने वाली इस स्कीम के तहत निवेश और पेंशन कंट्रीब्यूशन के लिए एक आसान विकल्प मिलता है.
The author, Shriram Iyer, is the Managing Director & Chief Executive Officer at HDFC Pension Fund. In today's world, securing a financially stable future is ...