The finance minister Nirmala Sitharaman has launched a new NPS scheme for minors called NPS Vatsalya. Through this scheme, parents and guardians can open an NPS account on behalf of their children. The account is considered active if a subscriber invests a minimum of Rs.1000 per annum.
Here are some key features of NPS Vatsalya:
This story is from the October 2024 edition of Investors India.
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This story is from the October 2024 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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