Nps vatsalya scheme: In a significant development aimed at

In a significant development aimed at strengthening long-term financial security and fostering early savings habits, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, has launched the National Pension System Vatsalya ( NPS Vatsalya ) scheme . Launched in July 2024, NPS Vatsalya is a pension scheme tailored for minors. It allows parents or guardians to open a Permanent Retirement Account Number (PRAN) so that their child can build a retirement corpus over time. What is the NPS Vatsalya Scheme : Learn about its Aim, Benefits of the Scheme , eligibility, and step-by-step guide on how to apply online. NPS Vatsalya is a pension scheme for Indian minors till 18 years. Learn how to open an NPS Vatsalya account online and choose from different CRAs.