NPS Vatsalya: All you need to know

Under NPS Vatsalya, parents can begin saving for their child's retirement even before their kids turn 18. When the child reaches 18, NPS Vatsalya will seamlessly convert into a regular NPS (National Pension Scheme), which is currently the most effective retirement investment option (we explained why NPS can make you a retirement raja in the latest Mutual Fund Insight edition). What's even better is that the child can continue the same NPS account during their working years, ensuring an even larger retirement corpus. NPS Vatsalya contribution As parents or guardians, you need to make an initial contribution of Rs 1,000 when opening the account. After that, an annual contribution of at least Rs 1,00

This article was originally published on September 19, 2024.