NPS Vatsalya at a Glance
| Feature | Details |
|---|---|
| Eligibility | Indian citizen below 18 years, including eligible NRIs and OCIs |
| Account holder | Minor is subscriber; parent or legal guardian operates the account until the subscriber attains majority (18 years) |
| Beneficiary | Minor subscriber |
| Minimum contribution | ₹250/- at the time of registration/opening and ₹250/- in each financial year |
| Maximum contribution | No maximum limit |
| Returns | Market-linked |
| Partial withdrawal | Up to 25% of own contributions, excluding returns, for specified purposes |
| At 18 | Continue up to 21 years or shift entire corpus to NPS, or exit, subject to applicable rules |
Documents Required for NPS Vatsalya
| For | Documents / requirement |
|---|---|
| Minor | For Proof of date of birth: birth certificate, school leaving certificate, matriculation certificate, PAN or passport, as applicable |
| Parent / legal guardian | KYC document such as Aadhaar, Driving Licence, Passport, Voter ID, NREGA Job Card or National Population Register document, along with PAN or Form 60 |
| Bank account | Optional for resident Indians at opening; mandatory for NRIs/OCIs. Required as applicable for withdrawal/exit. |
Channel of Subscription/Opening of Accounts: Through all branches.
Or
Link: https://www.centralbank.net.in/jsp/NPS.html
QUICK LINK(Internet Access) for NPS Vatsalya & NPS Contribution
NPS Vatsalya: Click Here
NPS Contribution: Click Here
Continuation & Withdrawl NPS Vatsalya