Vatsalya NPS

Built over time, just like them.

Save up to ₹50,000 in tax under Section 80CCD(1B),
while helping them build the habit of saving early

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Help them grow up with the habit of saving

NPS Vatsalya is a Contributory Pension Scheme regulated and administered by Pension Fund Regulatory and Development Authority (PFRDA), for all Indian minor citizens till the age of 18 years.

This scheme is designed specifically for minors to nurture the culture of saving from an early age, introducing them to financial literacy, and strengthening their concept of long-term financial security and prudent financial management.

If you are,an Indian citizen NRI, or OCI card holder, and your child is under 18
you are eligible!

Parents/gaurdian can open an account for children.

Contributions made towards your child’s NPS Vatsalya account are eligible for tax deduction* up to ₹50,000 under Section 80CCD(1B).

*Applicable under old tax regime

Small beginnings. Big outcomes.

Starts early. Grows over time.Helps you build a large corpus due to compounding benefits

For their dreams, big or small.Build a corpus for their ambitions.

Seamless Transition.Vatsalya PRAN converts into a NPS Tier-1 with fresh KYC update after 18

Easy to start. Easy to continue.Just ₹250 to open and a yearly contribution to keep it active.

5 easy steps to get started with

01Click on Open an Account & Select CRA

02Select NPS Vatsalya & Fill in the details

03Verify the Details

04Select Aditya Birla Sun Life Pension Fund as Fund Manager

05Select an investment option & make a payment

Documents you'll need.

Date of birth proof for the childBirth certificate, school certificate, PAN, passport

Identity & address proof for the guardianAadhaar, Passport, Voter ID, Driving Licence, and PAN or Form 60

Bank account details for the minor or a joint account.optional for residents, mandatory for NRI/OCI subscribers

Withdraw your savings when it truly matters

Partial withdrawal up to 25% of contribution (excluding returns) are permitted under the NPS Vatsalya Scheme to address the contingency or unforeseen situations after 3 years of account opening. Maximum of 2 withdrawals before the age of 18 are considered under conditions mentioned below.

Education of the minor subscriber

Treatment of specified illness of the minor subscriber

Disability of more than 75% of the minor subscriber

Set them up for independent living

A structured continuation/exit framework for your child when they turn 18.

Age18

Once the subscriber turns 18, the account continues for up to 3 years (till age 21)

Update KYC to access it, no withdrawals are allowed until then, but your investment keeps growing in the meantime.

Choose from any of the options after KYC completion
(till age 21)

Continue in NPS
The account and accumulated wealth shift seamlessly to NPS

LUMP SUM PLUS ANNUITY
Withdraw up to 80% of the corpus & reinvest the remaining 20% in an annuity plan

FULL LUMP SUM
If the corpus is less than ₹8 lakh, you can withdraw the entire corpus.

Age21

If no action is taken till age 21

Account automatically shifts to a high-risk variant under the Multiple Schemes Framework (MSF) of the same Pension Fund.

In case of unforeseen circumstances

The accumulated amount is securely passed on

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In case of the child’s unfortunate demise, the full corpus is paid to the guardian, nominee, or legal heir, with an option to transfer it to their own NPS account.

Continuity is ensured with a new guardian

In case of the guardian’s demise, a new guardian can be appointed by completing the required KYC

The account can continue seamlessly

In the absence of parents, a legally appointed guardian can continue managing the account, with or without further contributions

At 18, the choice remains with the subscriber

The child can choose to continue the scheme or exit as per applicable rules.