1. What types of accounts are available in NPS?

NPS offers two account types:

1. What is the National Pension System (NPS)?

The National Pension System (NPS) is a voluntary, defined contribution retirement savings plan. Individuals contribute to their accounts during their working years to build a corpus for retirement income. NPS is mandatory for Central Government employees (except armed forces) hired after January 1, 2004.

2. What are the key features of NPS?

The World Bank's report states that approximately 850 million individuals worldwide lack any form of identification. Half of the women in low-income nations are in this situation.

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Open Network for Digital Commerce, abbreviated as ONDC, is a consortium of brands and merchants connected with each other on a single digital platform. The ONDC platform serves as an intermediary layer between buyers and sellers, where both of them can connect for the best experiences. 

In today’s world, Corporate Social Responsibility (CSR) is no longer just a buzzword—it’s a way for businesses to give back to society and help solve critical issues. Among the most impactful areas for CSR investment is education, a key driver for long-term social change.

1) Can I partially withdraw money from the NPS Vatsalya account before 18 years?

Yes, partial withdrawals from your NPS Vatsalya account are allowed to address contingency situations. The permitted reasons and conditions for partial withdrawal include:

1. What are the minimum and maximum contributions under the NPS Vatsalya account?

Minimum Contribution: ₹1000 per annum.

Maximum Contribution: No upper limit.

Initial Contribution: ₹1000 required for enrollment.

1. What is NPS Vatsalya?

NPS Vatsalya is a contributory pension system under the National Pension System (NPS). Its aim is to nurture a pensioned society by encouraging children to save for retirement early, fostering financial empowerment and discipline.

2. Who can subscribe to NPS Vatsalya?

NPS Vatsalya is available for all Indian citizens under the age of eighteen. The account is managed by a guardian on behalf of the minor.

In India, education plays a crucial role in shaping the future of individuals and societies. However, for many underprivileged students, accessing quality education remains a challenge due to financial constraints. Corporate scholarships, particularly through platforms like Vidyasaarathi Scholarship Management, are changing this narrative, empowering countless students to pursue their dreams.