NPS Vatsalya is a savings-cum-pension scheme regulated by the Pension Fund Regulatory Authority of India (PFRDA).

Nirmala Sitharaman, the finance minister of India, announced in the Union Budget 2025 a tax benefit for parents and guardians who are contributing to the NPS Vatsalya scheme.

The NPS Vatsalya is a contributary scheme that allows parents to save money for their minor children until they reach the age of 18.

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