NPS Vatsalya Scheme is a special pension scheme launched by the Government of India to ensure the future financial security of minor children (under the age of 18). Parents or guardians can open an account in their child's name by investing a minimum of Rs.1,000 annually, thereby securing the benefits of a substantial long-term corpus accrued through compounding and a lifelong pension. This scheme does not offer any government jobs, vacancies, or employment opportunities. It bears no relation to recruitment processes, job eligibility criteria, selection procedures, or examinations of any kind. It is exclusively an investment and social security program, the primary objective of which is to ensure the financial stability and retirement planning of the younger generation not to create jobs or employment opportunities.
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