Schemes / Government of India
NPS Vatsalya
Central schemeeveryone
A pension account opened by parents or guardians for a minor child. It converts to a regular NPS account when the child turns 18.
What you get
Long-term, market-linked savings for a child under NPS, with tax benefits. Parents contribute a small minimum annual amount and can choose investment options; check the PFRDA/NPS Trust pages for current rules.
Who can apply
- Any Indian citizen below 18 years of age; the account is operated by a parent or guardian
How to apply
- Open through a bank or post office acting as an NPS Point of Presence, or online through a Central Recordkeeping Agency's eNPS platform
- Complete guardian KYC and make the first contribution
Documents usually needed
- Child's date of birth proof
- Guardian's Aadhaar/PAN
Nodal authority: Department of Financial Services. Amounts and rules change — the official page is the final word.