Parents can enroll in the scheme either online or by visiting a bank or post office.
To open a Vatsalya account, a minimum initial contribution of ₹1,000 is required, followed by an annual contribution of ₹1,000. "NPS has generated very competitive returns and offers option to people to save while ensuring future income," Sitharaman said.
This story is from the September 19, 2024 edition of The Morning Standard.
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This story is from the September 19, 2024 edition of The Morning Standard.
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