NPS Vatsalya Scheme Guidelines 2025 – Applicability, Documents needed to open account and Charges & Fees : PFRDA Circular dated 07-01-2026
Circular
Circular No. PFRDA/2026/02/NPS-Vatsalya/01
07th January, 2026
To,
All Stakeholders under NPS
Subject: NPS Vatsalya Scheme Guidelines 2025
“NPS Vatsalya” Scheme was launched by the Hon’ble Finance Minister in the Union Budget of FY 2024-25 as a plan for contribution by parents and guardians for minors, marking a significant advancement in financial planning and setting a new standard for prudent financial management from a young age. Aligned with the goal of ‘Vikasit Bharat 2047’, NPS Vatsalya aims not only to secure the future of its young subscribers but also to underscore the importance of nurturing a culture of savings from an early age.
2. In pursuance of the announcement, PFRDA issued NPS Vatsalya Scheme Details vide circular no. PFRDA/2024/16/PDES/01 dated 18th September, 2024.
3. NPS Vatsalya Scheme is defined as a Specific Purpose Scheme as per Regulation 4A of PFRDA (Exit and Withdrawals under NPS) Regulations, 2015, which shall be governed by the guidelines issued by the Authority in respect of such scheme.
4. Therefore, PFRDA, in supersession of circular no. PFRDA/2024/16/PDES/01 dated 18th September, 2024, hereby issues “NPS Vatsalya Scheme Guidelines 2025”. The Guidelines shall come into effect from the date notified by the Authority after building the necessary system capabilities.
5. This circular is being issued in exercise of the powers conferred under Section 14 of the Pension Fund Regulatory and Development Authority Act, 2013.
Yours sincerely,
Digitally signed
by KAVITA SINGAW KAVIER
General Manager
on 2026.01.07 17:28:14 +05’30’
NPS Vatsalya Scheme Guidelines 2025
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