Premium
Parents can invest in NPS Vatsalya from a child’s infancy and continue until they become 18. (File photo)
In an attempt to promote retirement savings from an early age, the government has launched NPS Vatsalya. It is a new initiative under the National Pension System (NPS) that allows parents or guardians to build a retirement corpus for their children. They can begin investing in this scheme from the child’s infancy and continue until they become 18, after which the account will seamlessly morph into an NPS Tier-1 (All Citizens model) account.
Features
As with the NPS for adults, investors will have access to a variety of investment options. “The option to invest through auto choice
