NPS (National Pension Scheme) accounts scheme is a very good option for creating a retirement corpus. Till now NPS (National Pension Scheme) accounts Tier I and Tier II could be opened for persons above 18 years of age. It is possible now to open the accounts for minors. A National Pension Scheme (NPS) for minors has been launched by Finance Minister, Nirmala Sitharaman on 18th September 2024. It allows parents to contribute a certain amount on behalf of their children towards NPS to secure their future and help them develop a retirement fund. The minimum contribution is Rs.1,000 per year […]