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premature redemption clause

NPS Vatsalya: Does the pension scheme for children have a premature or partial redemption clause? Check how it works

7 December 2024 by Admin
NPS Vatsalya: Does the pension scheme for children have a premature or partial redemption clause? Check how it works

NPS update: The National Pension Scheme (NPS) Vatsalya, introduced on September 18, is a pension plan designed for parents to initiate for their children. The scheme has gained traction, attracting 66,495 subscribers as of November 17, as confirmed by Minister of State for Finance Pankaj Chaudhary. Among the states, Maharashtra leads with 9,219 accounts, followed … Read more

Categories Economy Tags account management for minors, Annuity purchase, Asset allocation, financial planning for minors, investment pattern, National Pension Scheme for children, NPS Vatsalya, partial redemption, partial withdrawals, Pension Fund, pension plan for minors, pension scheme features, pension wealth, PFRDA, premature redemption clause, retirement savings for children, withdrawal clauses Leave a comment
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