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NPS Vatsalya: Can your child continue this pension scheme after turning 18? Know the investment rules and exit options
Mint 1 hr ago·25 Oct 2026, 1:20 pm
NPS Vatsalya is a special pension scheme designed for minors that allows parents to build a retirement fund for their child. The account remains active until the child turns 18, at which point the individual gains full control over the funds. This feature helps in early financial planning and ensures a dedicated corpus for the future.
Upon turning 18, the account holder has three primary options: they can continue the scheme, transfer the funds to a regular NPS account, or withdraw the accumulated amount. The choice depends on the individual's financial goals and risk appetite. It is important to understand the tax implications and exit norms before making a decision.
Investors should review the scheme's terms carefully to align with their long-term objectives. Consulting a financial advisor can help in navigating the options effectively. Staying informed about the rules ensures that the savings are utilized optimally for the child's future security.
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