Current Affairs - Finance - Discussion

The NPS Vatsalya Scheme, set to launch on September 18, 2024, allows parents to invest in their child's future with flexible contributions starting at Rs. 1,000 annually. Overseen by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme is designed to build long-term wealth for children through the power of compounding. It provides a financial security net for children and is accessible to families from various economic backgrounds, ensuring their child's financial future is safeguarded.