👶 Small Saving Schemes

NPS Vatsalya

• A saving-cum-pension scheme regulated and administered by the PFRDA.
• All minor citizens (age till 18 years) are eligible.
• Account opened in the name of minor and operated by Guardian.
• Minor to be sole beneficiary.
• Issuance of PRAN in the name of minor.
• Contribution:
  • Account Opening contribution: Min Rs. 1,000/- and Max no limit.
  • Subsequent contribution: Min Rs. 1,000/- p.a. and Max no limit.
• Upon attainment of age of 18 years seamless shift to NPS Tier – I (All Citizen).

  

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