Finance Minister Sitharaman Launches NPS Vatsalya for Children's Future

The new pension scheme allows parents to open accounts for children under 18 with a minimum annual contribution of ₹1,000.

NPS Vatsalya is an extension of the National Pension System aimed at children below 18 years old.
Parents can subscribe online or at banks and post offices, with a minimum contribution of ₹1,000 annually.
The scheme will convert to a regular NPS account when the child turns 18, with pension benefits available after 60 years.
NPS has shown competitive returns with 14% for equity, 9.1% for corporate debt, and 8.8% for government securities.
The launch event featured Finance Minister Nirmala Sitharaman and was broadcasted to 75 locations, including schools.