NPS Vatsalya Scheme revamped: New rules aim to strengthen long-term financial protection for children
According to the new rules, up to 75 per cent of the amount invested in NPS Vatsalya can be allocated to equities (the stock market). New Delhi: In a fresh development related to the NPS Vatsalya scheme launched for children, the Pension Fund Regulatory and Development Authority (PFRDA) has issued new and important guidelines. These changes are aimed at making the scheme more flexible, transparent, and beneficial for families, providing investors with relief when needed, and ensuring better long-term returns. For those unaware, the government rolled out the NPS Vatsalya in the 2024-25 budget, which is a pension scheme specifically…