For those citizens of the country who want to make the future of their children more strong and want to invest some amount, the central government has announced the launch of the NPS Vatsalya Scheme in the budget 2024. Through this scheme, citizens of the country can plan pensions by opening an NPS account for their child. Under this scheme, some amount will be deposited in the NPS account of the child till the age of 18 years and as soon as the age of that child is 18 years, this account will be converted into a normal NPS account so that the child can use the deposited amount in any of his needs.
Today, through this article, we will provide you with complete information about NPS Vatsalya Scheme 2024 Apply Online, Benefits, Eligibility, Account Opening Process, Documents Required, Etc. So stay connected with this article till the end and get complete information about NPS Vatsalya Scheme 2024.
NPS Vatsalya Scheme 2024
Presenting the budget for 2024 for the first time after the formation of the Bharatiya Janata Party government in the Lok Sabha elections, the Finance Minister of the country, Nirmala Sitharaman ji announced the launch of NPS Vatsalya Scheme 2024 to secure the future of the young children of the country, through which the parents or guardians of the children can plan pension for their children’s future by opening an NPS account and deposit some amount from their earned amount every month for their child, which the child will be able to use in case of any kind of need after completing their 18 years of age.
The NPS account opened under this scheme will be converted into a normal NPS account after the child completes 18 years of age so that the child will be able to use that NPS account after becoming an adult. To open an NPS account for their child through this scheme and deposit money in it, all the citizens of the country will have to open their NPS Vatsalya Scheme Account, which will be easily opened by visiting the official website enps.nsdl.com.
Key Details Of NPS Vatsalya Yojana 2024
| Scheme Name | NPS Vatsalya Scheme 2024 |
| Started By | By Finance Minister Nirmala Sitharaman Ji |
| Beneficiary | minor children of the country |
| Start Date | 23 July 2024 |
| Objective | Securing the future of children |
| Year | 2024 |
| Application Mode | Online |
| Country | India |
| Official Website | enps.nsdl.com |
Objective Of Scheme
The main objective of the government NPS Vatsalya Scheme 2024 started by the central government of the country is to encourage the citizens and parents of the country to deposit some amount from their earned amount to secure the future of their children, so that after the children turn 18 years old, they do not have to depend on anyone else in case of need of money and they can easily withdraw money from their NPS account.
NPS Vatsalya Yojana 2024 Benefits
The details of the benefits that the citizens and children of the country will get from the NPS Vatsalya Yojana 2024 launched by the government in the country are as follows.
- Citizens and guardians of the country can open an NPS account to invest some amount of their earned capital to secure the future of their children.
- The children can use the invested amount for any need after completing their 18 years of age.
- After becoming adults, children will not have to depend on anyone else if they need money and they can easily withdraw money from their NPS account.
- The NPS account opened under this scheme will be converted into a normal NPS account after the child completes 18 years of age, which the children will be able to use themselves.
Eligibility Criteria
To provide benefits under the NPS Vatsalya Scheme 2024 launched in the country, the central government has set some eligibility criteria, the details of which are as follows.
- Citizens who are between 18 to 70 years are eligible to open an account under the NPS Vatsalya Scheme to deposit money for the future of their children.
- NRI and Overseas Citizens of India are also eligible to open an NPS account.
- Citizens whose children are 18 years of age or above are not eligible for this scheme.
- Citizens must have all the necessary documents to open an NPS account.
Required Documents To Open NPS Vatsalya Account Open
For citizens of the country who want to open an NPS Vatsalya Account for their children, the necessary documents required for opening the account are as follows.
- Aadhaar card of parents or guardian
- Identity card
- Income certificate
- Child’s Aadhaar card
- Birth certificate
- Mobile number
- Bank passbook
- Passport size photo
- Etc.
Process to Open Account Under NPS Vatsalya Scheme 2024
The details of the online process of Open Account Under NPS Vatsalya Scheme 2024 for the citizens of the country are as follows step by step.
- Visit the official website enps.nsdl.com.
- Click on the Register Now option on the home page.
- On the new page, click on the Register Now option again after selecting your category.
- On the next page, enter the date of birth, PAN card number, mobile number, and mail ID.
- Now click on the option of Begin Registration.
- Now click on the option of Send OTP, and enter the OTP received on your mobile number in the OTP box.
- On the next page, select one of the three central record-keeping agencies to maintain the NPS account details.
- Now enter the requested details correctly.
- Now upload all the required documents.
- Now click on the option of Submit.
- In this way, you will be able to NPS Vatsalya Scheme Account Open easily.
| Official Website | Click Here |
| For More Updates | Sarkariyojanaregistration.co.in |