The Pension Fund Regulatory and Development Authority (PFRDA), on January 07, 2026, has issued a circular notifying the “NPS Vatsalya Scheme Guidelines, 2025”, aimed at strengthening long-term financial security for minors through structured pension savings, in line with the vision of Vikasit Bharat 2047.
The NPS Vatsalya Scheme, announced in the Union Budget 2024–25, enables parents and guardians to contribute on behalf of minors, fostering early financial discipline and savings. The scheme has been classified as a Specific Purpose Scheme under Regulation 4A of the PFRDA (Exit and Withdrawals under NPS) Regulations, 2015, and shall be governed by guidelines issued by the Authority.
Through this circular, PFRDA has superseded its earlier circular dated September 18, 2024, and clarified that the new guidelines shall come into force from a date to be notified separately, subject to system readiness. The circular has been issued in exercise of powers under Section 14 of the PFRDA Act, 2013.
[Circular No. PFRDA/2026/02/NPS-Vatsalya/01]
