The Pension Fund Regulatory and Development Authority (PFRDA), on January 13, 2026, issued the guidelines for NPS Vatsalya Scheme 2025 to strengthen the long-term financial security of minors
The following has been stated, namely:-
• NPS Vatsalya was announced in the Union Budget for FY 2024-25 and subsequently launched by Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman on September 18, 2024. The scheme allows parents and legal guardians to systematically save for their children from an early age for the long term, with a provision for migration to the National Pension System after attaining adulthood.
• As per the amendments notified in the PFRDA (Exits and Withdrawals under NPS) Regulations, 2015, flexible provisions have been introduced in the NPS Vatsalya Guidelines for long-term financial security of minors and also to ensure continuity of savings upon attaining adulthood.
• Eligibility:-
• Open to all Indian citizens, including NRIs/OCIs , who are below 18 years of age
• Minor will be the sole beneficiary
• The account will be opened in the name of the minor and will be operated by the guardian
[Press release ID. 2214324]
