The scheme is set to foster a culture of savings from an early age, ensuring long-term financial security for India's younger generation

ET Wealth reached out to experts to know whether one should consider this scheme and how it compares with other options. Heres what they have to say.

The government recently launched the NPS Vatsalya scheme recently. This is a unique investment-cum-retirement plan designed for children aged 0 to 18. This scheme gives parents an opportunity to secure their child's financial future by saving for their retirement.

The NPS Vatsalya scheme allows parents to contribute as little as ₹1,000 annually in the child's name, making it accessible for families from all backgrounds

Axis Bank, one of India's leading private sector banks, has joined hands with the Pension Fund Regulatory and Developme

Finance Minister Nirmala Sitharaman unveiled the NPS Vatsalya scheme which is designed to help parents to save for their children’s futures through a pension account on September 18, 2024. NPS Vatsalya Scheme for Children’s Pension Savings This initiative enables the parents to invest in a pension scheme that would be tailored as per their minor

Explore the Mission Vatsalya Scheme, a child pension initiative by FM Nirmala Sitaraman focused on ensuring financial stability for children from disadvantaged backgrounds.

NPS Vatsalya is the central government’s new pension plan for children, which Finance Minister Nirmala Sitharaman is launching today. We have all the details.

Sitharaman said the NPS was an easily accessible, low-cost, tax-efficient, flexible and portable retirement scheme. NPS in the last 10 years has grown at the rate of 37% CAGR with

Finance Minister Nirmala Sitharaman on Tuesday launched the NPS Vatsalya scheme, which will allow parents to save for their children's future by investing in a pension account. Parents can subscribe to NPS Vatsalya online or visiting a bank or post office.