Finance Minister Nirmala Sitharaman has started an initiative NPS Vatsalya Scheme 2024 under the Union Budget 2024, under which NPS Vatsalya Account will be opened by parents and guardians for minors. Under this scheme, contributions will be made to the accounts of minors and on reaching adulthood, the scheme will be easily converted into a normal NPS account. Any person who is interested for (NPS) National Pension Yojana Registration 2024 Apply Online, they will be now able to apply by visiting the official website https://enps.nsdl.com/.
Recently, many schemes have been started in the country to improve the future of children, the main goal of starting this scheme is to give a good direction to the future of children. Opening an NPS account for children below 18 years of age lays the foundation for responsible financial management from an early age. When the account is converted into regular plans as an adult, it helps in continuing the savings habits smoothly in adulthood. On this page, a complete step by step process has been shared about How To Open NPS Vatsalya Account 2024? read the article till the end and open the account of your children.
NPS Vatsalya Scheme 2024
Ranbir Singh Dhariwal, Chief Executive Officer of Max Life Pension Fund Management, has once again launched NPS Vatsalya Scheme 2024 to improve the future of children. Whose full name is National Pension Yojana 2024. What is NPS Vatsalya Scheme 2024? What is the process to apply? What are the NPS Changes in Budget 2024? So let us tell you that this scheme has been started for parents and guardians to open the NPS account for their minor child. When the child becomes an adult, this account will be converted into regular NPS schemes. Due to this, the guarantee of financial security for the child will become very mandatory.
(NPS) National Pension Yojana New Changes In Budget 2024
- Tax benefits have been increased for both employees and employers.
The contribution limit for employers in the private sector has been increased from 10% to 14% of the employee’s basic salary and this new limit will be applicable to both private and public sector employees. - Parents will be able to open NPS accounts for their minor children in which the amount deposited will be converted into regular scheme after they attain the age of 18 years.
- It is considered a commendable step towards promoting retirement savings and promoting long-term financial security.
- NPS is market-linked wherein one will be able to choose the fund scheme and percentage of equity investment.
NPS Vatsalya Account Open Direct Link 2024
| Name Of Yojana | NPS Vatsalya Scheme 2024 |
| Launched By | Finance Minister Nirmala Sitharaman |
| Started For | For minor children |
| Aim Of Scheme | NPS Account of minor children should be opened |
| Article Category | Yojana |
| Benefits | Facility to open NPS Vatsalya Account available online |
| Last Date | Available Soon |
| Mode of opening account | Online |
| Official Website | https://enps.nsdl.com/ |
Who Can Register For NPS?
- Individual Subscribers
- Corporate Subscribers
- Government Subscribers
- NRI and OCI Subscribers
- APY Subscribers
- GDS Subscribers
Benefits Of NPS Vatsalya Scheme 2024
- Parents will be able to open the NPS account of their minor child and when the child attains adulthood, the account will be transferred to the standard NPS scheme.
- Portability of the scheme allows changing jobs without any impact on the NPS account and the account can be continued for the lifetime of the child and create a good retirement corpus.
- This account is also a good retirement fund option as a very large amount will be accumulated in the account by the time of retirement.
- To get good returns, people are encouraged to start investing at an early age in life.
- The problem of financial security for children’s future ends.
Eligibility Criteria For National Pension Yojana
- Foreign citizens of India and NRIs will be eligible to avail benefits under the scheme.
- Parents between the ages of 18 to 70 years will be able to open the NPS account of their minor child.
Documents Needed To Open NPS Vatsalya Account 2024
- Aadhaar Card
- PAN Card
- Mobile Number
- Address Proof
- Passport Size Photo
- Birth Certificate
- Caste Certificate
How To Open NPS Vatsalya Account Online 2024?
Any parent who wants to Open NPS Vatsalya Account 2024 under this scheme, now follow the procedure given below and open the child’s account by completing your application successfully.
- Parents must first, Visit the official website at https://enps.nsdl.com/.
- Then you have to click on the Register Now option on the home screen.
- Now many categories will be displayed on your screen, click on your category.
- After that, Fill your Name, Permanent Account Number, Date of Birth, Email ID, etc.
- Click on the Begin Registration button given below the box.
- Click on the Send OTP option on the new page and complete the OTP verification process.
- On the new page, select one of the three central record-keeping agencies as per your choice.
- Fill all the other necessary details in the application form and upload the mandatory documents.
- At the end of the form, you have to click on the Submit button.
- In this way, you can open NPS Account easily.
- At last, you have to take a printout and keep it with you.
Smart Links
| Official Website | Click Here |
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