NPS Vatsalya

What is NPS Vatsalya?

NPS Vatsalya is a dedicated National Pension System account for minors, launched in September 2024. Parents or legal guardians open and manage the account on behalf of a child below 18 years. A minimum annual contribution of ₹1,000 is required with no upper limit. On reaching 18, the NPS Vatsalya account seamlessly converts into a standard NPS Tier-I account, giving the young adult a head start on long-term retirement savings. Partial withdrawals (up to 25% of contributions, maximum 3 times) are allowed for education, medical treatment, or disability before the minor turns 18.

Who is Eligible for NPS Vatsalya?

• ✓Minor below 18 years of age
• ✓Parent or legal guardian must open and operate the account
• ✓Indian citizens (residents), NRIs, and OCIs are eligible
• ✓Full KYC compliance required for guardian

Documents Required for NPS Vatsalya

How to Apply for NPS Vatsalya Online?

1. 1Parent or legal guardian opens the account online at enps.nsdl.com (NPS Vatsalya).
2. 2Upload the minor's birth certificate or passport as proof of date of birth.
3. 3Submit the guardian's Aadhaar Card, PAN Card, and address proof to complete KYC.
4. 4Court-appointed guardians must additionally upload the relevant court order.
5. 5Link a bank account and contribute a minimum ₹1,000 annually, with no upper limit.
6. 6Continue contributions until the child turns 18, when the account auto-converts to a standard NPS Tier-I account.
7. 7Request partial withdrawal (up to 25% of contributions, max 3 times) for education, medical treatment, or disability if needed.

Frequently Asked Questions — NPS Vatsalya