NPS-Vatsalya is a financial investment that parents/guardians can make on behalf of their minor children with minimum contribution of ₹1000 per year and no limit on maximum contribution, serving as a meaningful way to provide them with financial support until they start earning and investing on their own.
Eligibility
Any Citizen of India
Age up to 18 years
KYC Compliant
Why Join NPS-Vatsalya?
Protection against uncertainty and long-term financial security
Teaching financial responsibility (concept of pension planning)
Encouragement for long-term investment
Flexibility in future financial planning
Benefits of compound interest with long-term investment
Before Turning 18
Partial withdrawals before subscriber turns 18
After 3 years of joining NPS
Up to 25% of contributed amount
Available 3 times till subscriber turns 18
Partial withdrawals can be made for the purposes of education, treatment of specified illnesses, disability of more than 75%, etc., as specified by PFRDA
After Turning 18
Subscriber can continue this NP Account beyond the age of 18 years
Account converted into a regular All Citizen NPS Account
Fresh KYC of minor within 3 months of turning 18
Subscriber can exit NPS
At least 80% of accumulated corpus is re-invested into an annuity plan and the remaining 20% can be withdrawn as a lump sum
If accumulated corpus ≤ ₹ 2.5 lakh, entire amount can be taken as lump sum
In unfortunate cases of death:
Death of subscriber: Entire corpus returned to guardian (guardian is the nominee)
Death of guardian: Another guardian to be registered through fresh KYC
Death of both parents: Legal guardian can continue without making contributions until subscribers attains 18 years of age
Investment Choices:
Active Choice
Auto Choice LC-75 (Aggressive)
Auto Choice LC-50 (Moderate)
Auto Choice LC-75 (Conservative)
Click Open NPS Account and select your preferred Central Recordkeeping Agency (CRA).
Fill out the registration form online and upload documents.
Make initial payment of ₹1000/- or more and get NPS Account activated.
This will generate PRAN (Permanent Retirement Account Number) which is unique, i.e., an individual can have only one PRAN number.
After a day, the subscriber gets a Login ID to his account held by the CRA. Using this login ID, subscriber can view all details and history of his/her account.
It takes about 10- 15 mins to open your online NPS account.
Kindly keep the below information and documents ready
Mobile-linked Aadhaar Card or DigiLocker of minor and guardian
Date of Birth proof of minor (e.g., birth certificate, school leaving certificate,matriculation certificate, PAN, passport)
Bank account details of minor (account number, IFS Code, and bank name; ensure that the bank account is in name of the individual registering for NPS)
In the case that the guardian is NRI or OCI, NRE/NRO Bank details of guardian are mandatory
Scanned copy of cancelled cheque or bank passbook
Scanned copies of your PAN Card and signature
Ensure your UPI or Internet Banking is active (for payment purposes).
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