NPS Vatsalya Calculator

The account is opened in the minor’s name and operated by a parent or legal guardian. The minor is the subscriber and sole beneficiary; the guardian manages the account only on the minor’s behalf.

After completing fresh KYC, the subscriber may continue NPS Vatsalya until age 21, shift the full corpus to All Citizen NPS or another applicable NPS model, or exit. On exit, a corpus below ₹8 lakh may be withdrawn fully; at ₹8 lakh or more, up to 80% may be taken as lump sum and at least 20% must purchase annuity.

The current minimum contribution is ₹250 to open the account and ₹250 in each financial year. PFRDA states no maximum contribution limit, and relatives or friends may also make gift contributions. These account minimums are separate from the monthly amount used in this projection.

Yes, after 3 years from account opening and for specified education, illness, or disability needs. Up to 25% of contributions excluding returns may be withdrawn, with up to 2 withdrawals before age 18 under current guidance. The calculator does not deduct these withdrawals from the projection.

PFRDA’s current tax table shows an eligible contribution deduction of up to ₹50,000 under section 80CCD(1B) in the old tax regime, but no contribution deduction in the new tax regime. Partial-withdrawal and exit taxation has separate rules, so verify the law applicable in the relevant year.

If the minor subscriber dies, the entire corpus can be paid to the guardian, nominee, or legal heir, with an option to transfer proceeds to that person’s NPS account. If the guardian dies first, a new guardian must be registered; a legally appointed guardian may continue the account if both parents have died.

No product is universally better. NPS Vatsalya is a market-linked pension account with specific withdrawal and post-majority rules. Mutual funds and Sukanya Samriddhi have different eligibility, risk, liquidity, return, and tax structures. This calculator estimates only NPS Vatsalya and should not be treated as a product recommendation.

Yes. Current PFRDA guidance permits gift contributions from relatives and friends in addition to contributions from the parent or guardian. The minor remains the subscriber and beneficiary.

No. It assumes the entered contribution plan remains invested through the selected projection age. A partial withdrawal would reduce the actual account value, so rely on the updated CRA statement and treat this projection as an unadjusted illustration.