Know how to open this account online (Online NPS Vatsalya). What documents will you need?
Now you can open a pension account (NPS Vatsalya) for minors also. The government is providing this facility to create a big fund for the child in the long term. Know how to open this account online (Online NPS Vatsalya). What documents will you need?
How to open the online platform of NPS Vatsalya (eNPS)?
To open NPS Vatsalya account online, follow these steps:
1 First of all visit the eNPS portal. There you will find NPS payment plan on the official eNPS website.
2 Choose NPS payment option here. Find the option to apply for NPS architectural plan specially designed for minors.
3 Complete the registration. Fill in the required information including minors details and guardian’s KYC details
- Upload documents. In this step, submit the required documents like proof of identity and address of the guardian and proof of age of the minor.
5 Pay a minimum initial deposit of Rs. 1,000. Pay a minimum annual deposit of Rs. 1,000 at the time of registration.
6 After doing this you will get a PRAN card. After successful registration, minor customers will be issued a Permanent Retirement Account Number (PRAN) card.
Remember – you can open the account through Points of Presence (POP) including banks and India Post.
What are the documents required to open an NPS Vatsalya Account?
The following documents are required to open an NPS Vatsalya account:
1 Proof of identity for parents: This can include Aadhaar card, PAN card, passport or driving license.
2 Proof of address for parents: Any official document confirming the current address.
3 Proof of age for minors: Birth certificate or any government document confirming the child’s date of birth.
4 Proof of identity for minors: Aadhaar card is helpful here.
5 Contact information: A valid mobile number and email ID is required for registration and communication.
6 Photographs: A recent passport size photograph of the parents.
What is NPS Vatsalya Yojana?
Under the NPS Vatsalya Yojana, parents will be able to save for their children’s future by investing in a pension account. This will create a large fund for them in the long term. NPS Vatsalya offers flexible contribution and investment options. Parents can invest a minimum of Rs 1,000 annually in the name of the child.
