NPS Vatsalya is a savings and pension scheme that aims to help parents or guardians start building a secure financial foundation for their children from an early age. Like the standard NPS, it combines the benefits of market-linked returns, long-term investments, and conservative risk exposure, making it a strong option for building retirement savings.

Why choose NPS Vatsalya?

  • It helps you to start retirement planning for your child early in life.
  • It offers both fixed-income and market-linked investment options.
  • It has low costs and is managed by the Pension Fund Regulatory and Development Authority (PFRDA)

Who can open an NPS Vatsalya account?

Any child under the age of 18 is eligible. A parent or legal guardian can open and manage the account on behalf of the child.

What are the benefits of opening NPS Vatsalya?

Opening an NPS Vatsalya account provides the child with a head start on saving for retirement and offers valuable financial lessons from an early age. It instills the importance of financial planning and discipline, which can benefit the child throughout their life.

How to open an account online:

  • Go to the official website: enps.nsdl.com
  • Select the ‘NPS Vatsalya’ section on the homepage.

Fill in details

  • Child’s full name and date of birth
  • Guardian’s name, contact details, and relationship status with the child

Documents required

  • Child’s birth certificate for age verification
  • Guardian’s ID proof (Aadhaar or PAN card)

Initial investment

A minimum of Rs 1,000 is required to deposit as an initial deposit.

There's no upper limit for the deposit.

Once the application is verified and approved, a Permanent Retirement Account Number (PRAN) is issued for the child.