Know more about NPS Vatsalaya, a new scheme for children
6 months ago

Know more about NPS Vatsalaya, a new scheme for children

New Indian Express  

NEW DELHI: In an era where financial planning is more crucial than ever, the government has taken a significant step toward securing the financial future of our youngest citizens with the launch of the NPS Vatsalaya scheme. By providing a structured framework for long-term wealth accumulation, NPS Vatsalaya not only offers parents a powerful tool to safeguard their children’s financial well-being but also promotes the importance of financial literacy among the next generation. According to Kurian Jose, CEO, Tata Pension Management, by encouraging early investment and providing a structured savings plan, NPS Vatsalya aims to build a robust financial foundation for young individuals. “This innovative approach not only ensures that children receive the benefits of disciplined saving and compounding over time but also fosters a sense of financial responsibility from an early age,” he says.

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History of this topic

Budget 2025: Tax benefit for parents contributing to children welfare plan NPS Vatsalya
1 month, 3 weeks ago

Budget 2025: Tax benefit for parents contributing to children welfare plan NPS Vatsalya

Live Mint  

NPS Vatsalya Scheme, the children's welfare scheme launched on 18 September 2024, received a boost on Saturday when the Union budget proposed to extend the tax benefits available to the National Pension Scheme under sub-section of section 80CCD. The parent or guardian contributing to the NPS Vatsalya account will be allowed to claim deduction to the extent of the contributions; …

NPS Vatsalya vs Sukanya Samriddhi Yojana: Which one to choose for your child's future?
2 months, 1 week ago

NPS Vatsalya vs Sukanya Samriddhi Yojana: Which one to choose for your child's future?

India TV News  

As parents, securing the financial future of our children is a priority, and choosing the right investment scheme can play a pivotal role in achieving this goal. Two popular options available for parents in India are the NPS Vatsalya Scheme and the Sukanya Samriddhi Yojana. NPS Vatsalya vs Sukanya Samriddhi Yojana: A detailed comparison The NPS Vatsalya and Sukanya Samriddhi …

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained
3 months, 3 weeks ago

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained

India Today  

The National Pension Scheme Vatsalya, launched this year, in September, allows parents or guardians to invest in a government pension scheme on behalf of their children. Any Indian minor under 18 is eligible for the NPS Vatsalya scheme. To open an NPS Vatsalya account, the following documents are needed: Proof of the minor’s date of birth KYC documents of the …

New pension scheme for minors: Should you invest in NPS Vatsalya?
4 months, 1 week ago

New pension scheme for minors: Should you invest in NPS Vatsalya?

Live Mint  

NPS Vatsalya is a National Pension System contributory new pension scheme for minors. NPS Vatsalya account opening eligibility All minor citizens up to 18 The account is opened in the minor's name and managed by their guardian until the child turns 18. For online account opening, you do so at the NPS Trust's eNPS platform Documents required for opening NPS …

Children's Day 2024: Top investment options for your kid's bright future
4 months, 2 weeks ago

Children's Day 2024: Top investment options for your kid's bright future

India TV News  

Children's Day 2024: Every parent aspires to secure a bright future for their children and works hard to ensure they have access to the best education and career opportunities. Let's explore best investment options for children Unit-Linked Insurance Plan A Unit-Linked Insurance Plan is a great option to secure your child's financial future. Life Insurance You can consider life insurance …

Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more
4 months, 2 weeks ago

Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more

Live Mint  

Children's Day 2024 celebrates the innocence and potential of every child. Children's Day 2024: Top Child Investment Options The most popular investment plans for children include PPF for minors, Fixed Deposit schemes, mutual funds, gold bonds, gold ETFs, etc. Here are the top child investment options PPF for minors A Public Provident Fund for minors can be a good way …

NPS Vatsalya: Is it the right choice for parents?
6 months ago

NPS Vatsalya: Is it the right choice for parents?

India Today  

NPS Vatsalya is a new scheme under the National Pension System, which was launched by Union Finance Minister Nirmala Sitharaman, designed specifically to help parents build a retirement fund for their child from birth. Unlike other financial products aimed at short-term goals like education or marriage, NPS Vatsalya focuses solely on long-term retirement savings for the child. For parents looking …

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside
6 months ago

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside

ABP News  

NPS Vatsalya scheme: In a major initiative to secure the financial future of children in India, the Centre has introduced the NPS Vatsalya Pension Scheme, providing flexible contributions and investment options for parents or guardians. The National Pension System Vatsalya scheme is set to foster a culture of savings from an early age, ensuring long-term financial security for India's younger …

Provident Fund For Your Kid: Is PPF A Good Option For Minor Children?
11 months, 1 week ago

Provident Fund For Your Kid: Is PPF A Good Option For Minor Children?

News 18  

PPF, short for Public Provident Fund, constitutes a government-supported savings and investment plan in India. Offering attractive interest rates and tax advantages, the PPF account stands out as one of the investment options tailored for children. It’s crucial to understand that the PPF account will be managed by the parent or legal guardian until the minor child reaches 18 years …

Want to secure your finances before retirement? Check these government pension schemes
2 years, 3 months ago

Want to secure your finances before retirement? Check these government pension schemes

Firstpost  

One of the major challenges of retirement is maintaining financial stability. Keeping that in mind, the government has developed a variety of unique pension plans to guarantee the stability and financial security of the country’s elderly population after retirement. Here are some of such government retirement schemes that senior citizens can opt for: National Pension Scheme : The NPS is …

PFRDA Looks to Offer Guaranteed Pension Programme Under NPS
2 years, 7 months ago

PFRDA Looks to Offer Guaranteed Pension Programme Under NPS

News 18  

Bengaluru, Aug 5: The Pension Fund Regulatory and Development Authority is mulling over a guaranteed pension programme under the National Pension System and it may launch it from September 30. “Over a 13-year period, we have given a compounded annual growth of more than 10 per cent… 10.27 per cent to be precise. The PFRDA chairman said the size of …

The Hindu Explains | Why is the government tweaking the National Pension System?
3 years, 11 months ago

The Hindu Explains | Why is the government tweaking the National Pension System?

The Hindu  

The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority, the National Pension System has been open for individuals from all walks of life to participate and build a retirement nest-egg. To avoid forcing people into such an unattractive investment, the regulator has …

Small savings schemes: Govt keeps interest rates unchanged for Apr-June quarter on NSC, PPF, KVP
5 years, 11 months ago

Small savings schemes: Govt keeps interest rates unchanged for Apr-June quarter on NSC, PPF, KVP

Firstpost  

New Delhi: The government has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the April-June quarter. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 8 percent, while Kisan Vikas Patra will give a yield of 7.7 percent and mature in 112 months. Interest rates for small …

Save for old age, not for tax benefits
6 years, 2 months ago

Save for old age, not for tax benefits

Live Mint  

NPS is a government-sponsored pension scheme launched in 2004 for government employees. Once a taxpayer has exhausted the limit of ₹1.5 lakh available under section 80, an additional ₹50,000 is allowed under section 80CCD,” said Archit Gupta, CEO of Clear Tax, a tax e-filing platform. “This is one of the major advantages for NPS, as this section is solely available …

Centre permits partial withdrawal to NPS subscribers
6 years, 10 months ago

Centre permits partial withdrawal to NPS subscribers

ABP News  

New Delhi, May 5 : Partial withdrawals will now be allowed to subscribers under the National Pension System, who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, the Centre stated on Friday. Following the Board meeting of the Pension Fund Regulatory and Development Authority, it was decided that individual NPS …

Dear DAUGHTERS
11 years, 2 months ago

Dear DAUGHTERS

The Hindu  

For a secure future To commemorate National Girl Child Day, India Post has launched a special savings scheme. There are special prizes for parents who start an account during the National Girl Child Week. Lashmanan, offers a ‘Save our Girl Child’ savings deposit scheme. 1,500 for Adi Dravidar/tribal girls from Classes III to VIII; and scholarships to encourage SC/ST/MBC girl …

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