NPS Vatsalya Scheme
✓ Information verified — April 2026NPS Vatsalya is a pension and savings scheme designed specifically for minors, operated by the Pension Fund Regulatory and Development Authority (PFRDA) under the Ministry of Finance. A parent or guardian opens and manages an NPS account for a child, making regular contributions toward the minor's long-term financial security. When the child turns 18, they can take control of the account and continue building their retirement corpus.
What You Get
- Structured savings plan specifically designed for children's financial future
- Access to professional fund management through the National Pension System
- Tax benefits on contributions made to the account
- Child gains control of the account upon turning 18 years old
- Flexibility to choose investment options based on risk appetite
- Low-cost pension product with transparent fee structure
Who Can Apply
- Age: 0–18 years
- Child must be a minor (below 18 years of age)
- Parent or legal guardian can open and manage the account
- Indian citizen (minor)
- Guardian must provide valid identification and proof of relationship
- No upper income limit for the child or guardian
Documents Needed
0/6 collected
- 1. Aadhaar Card of Minor
- 2. Guardian Aadhaar Card
- 3. Birth Certificate
- 4. Guardian PAN Card
- 5. Bank Account Details
- 6. Proof of Guardianship
How to Apply
- 1Check your eligibility criteria above
- 2Gather all required documents listed below
- 3Visit the official portal (linked below)
- 4Fill the application form online / offline
- 5Submit the form and note your application reference number
- 6Track status on the official portal or visit nearest CSC
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Quick Facts
- Scheme Level
- Central Government
- Ministry
- Ministry Of Finance
- Category
- Financial
- Target Gender
- All genders
- Age Group
- 0–18 years
- Launched
- 18 Sept 2024
- Application
- Check portal
- Last Updated
- 26 Apr 2026
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