NPS Vatsalya Scheme Guidelines 2025: PFRDA Circular
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
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.
Also read NPS Vatsalya: A Groundbreaking Pension Scheme for Minors
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,
Kavita Singam Xavier
General Manager
Objectives of NPS Vatsalya Scheme
NPS Vatsalya scheme is designed specifically for minors to nurture the culture of saving from an early age, introduce minors to financial literacy and financial planning, strengthen the concept of long-term financial security and prudent financial management.
NPS Vatsalya objective is to secure the future of its young subscribers by creating wealth from an early age so as to empower the young subscribers, to create a pensioned society, emanating from the vision of “Viksit Bharat@2047” while at the same time providing for partial withdrawals to meet contingency requirements till the attainment of age of 18 years.
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