NPS Vatsalya Calculator — NPS for Minors
This NPS Vatsalya calculator projects the retirement corpus your child could build from an NPS Vatsalya account — a scheme launched in September 2024 that lets a parent or guardian invest in NPS on behalf of a minor. It models a parent contributing monthly from the child's current age all the way to 60, when the account (having converted to a standard NPS Tier 1 account at 18) matures under the usual NPS rules: up to 60% withdrawn tax-free, with the rest mandatorily annuitized into a pension. Enter the child's age, monthly contribution and expected return to see all three figures.
NPS Vatsalya accounts can be opened for any minor under 18, run by a parent or guardian on the child's behalf.
Minimum contribution is ₹1,000 a year to open and keep the account active (some sources cite figures as low as ~₹250 during the scheme's initial phase) — there's no upper limit.
NPS Vatsalya invests in the same market-linked equity/debt mix as regular NPS — this models one flat return across both the pre-18 accumulation phase and the post-18 NPS Tier 1 phase, for simplicity.
At 18, the account converts to a standard NPS Tier 1 account in your child's own name, subject to the same rules — including the mandatory annuity purchase — whenever they eventually retire at 60.
Total corpus at 60
सेव करने के लिए लॉग इन करें₹3,69,66,214
The maximum share of your child's corpus that could be withdrawn tax-free as a lump sum at 60.
From the mandatory 40% of the corpus used to buy an annuity — illustrative only, since real payout rates decades from now will vary by insurer.
Frequently asked questions
What happens to the NPS Vatsalya account when my child turns 18?+
It converts into a standard NPS Tier 1 account in your child's own name — they take over as the account holder and can continue contributing under the usual NPS rules, subject to the same 60%-lump-sum / 40%-annuity exit rule whenever they eventually retire at 60.
What's the minimum I need to contribute to NPS Vatsalya?+
Commonly cited minimums are around ₹1,000 a year to open and keep the account active, though some sources reference figures as low as ~₹250 during the scheme's initial phase. There's no maximum contribution limit. Check the current PFRDA guidelines before opening an account, since rules for this newly launched scheme are still being finalized.
Is this the same as opening a regular NPS account for myself?+
No — NPS Vatsalya is specifically for minors, opened and contributed to by a parent or guardian on the child's behalf, until it converts to a standard NPS Tier 1 account at 18. This calculator models the full journey from the child's current age to 60, spanning both phases with a single assumed return rate for simplicity.