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Investment & Financial Planning

NPS Vatsalya Scheme for NRI- Your Complete Guide

Pankaj ShawBy Pankaj Shaw |Last Updated: January 31, 2026
NPS Vatsalya Scheme for NRI- Your Complete Guide
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  3. NPS Vatsalya Scheme for NRI- Your Complete Guide
  4. Reading Time: 10 mins

For millions of Indians, the National Pension System (NPS) has been a preferred tool for retirement planning. Considering this, with the introduction of the NPS Vatsalya Scheme on 18 September 2024, NRIs can now participate in a retirement plan and plan a stable financial future for their children in India. This scheme is available to all minor children. Additionally, once the child turns 18, the amount can be withdrawn or transferred to an NPS account, subject to conditions. 

Further, want to know more about the NPS Vatsalya scheme? Read the blog and get all the information about the scheme and its eligibility, benefits, opening process, and more. 

Pankaj Shaw
Pankaj Shaw(Tax Expert)

Mr Shaw brings 8 years of experience in auditing and taxation. He has a deep understanding of disciplinary regulations and delivers comprehensive auditing services to businesses and individuals. From financial auditing to tax planning, risk assessment, and financial reporting. Mr Shaw's expertise is impeccable.

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Frequently Asked Questions

Once the child turns 18, the NPS Vatsalya account is converted into a regular NPS account in the name of the child. Then, the child becomes the account holder, and he/she can continue investing independently.

Yes, NRIs are eligible for tax benefits under the NPS Vatsalya scheme, under the applicable tax provisions of the Income Tax Act, subject to eligibility and prevailing tax rules.

To open an NPS Vatsalya account, NRIs need the birth certificate of the child, the PAN card, passport, overseas address proof, and bank account details (NRE/ NRO) of the guardian. Additionally, it is mandatory for the guardian and the child to complete the KYC.

Under the NPS Vatsalya scheme, an NRI parent or legal guardian can act as a guardian under the NPS Vatsalya scheme for NRIs. In this scheme, the guardian will be accountable for making contributions and managing the investment account on behalf of the minor.

Yes, NRIs can open an NPS Vatsalya account for their children who are below 18. The account is opened in the name of the child and operated by the parents or legal guardian of the child till he/she turns 18.