PFRDA Releases NPS Vatsalya Scheme Guidelines for Minors
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the NPS Vatsalya Scheme Guidelines 2025, aimed at enhancing long-term financial security for minors. The guidelines outline eligibility, contributions, withdrawal criteria, and transition provisions, allowing parents and guardians to build systematic savings for children. This move follows the scheme's announcement during the FY 2024-25 Union Budget and its formal launch by Finance Minister Nirmala Sitharaman in September 2024.
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