Do you need NPS Vatsalya?

NPS Vatsalya is the newest addition to child investment plans. A variant of the NPS (National Pension System), it allows parents to open an account in their child's name. The structure is similar to a standard NPS Tier-1 account, with the funds remaining locked until the child reaches 60. This is a key advantage of NPS Vatsalya, as it gives you ample time to reap the maximum rewards of compounding. For example, if you as a parent start contributing Rs 500 each month from the time your child is fiv

This article was originally published on November 15, 2024.