Under the NPS Vatsalya scheme, subsequent contribution of what minimum amount is required per annum with no maximum limit?
₹1,000
The correct answer is option 2 I.e. ₹1,000.
Under the NPS Vatsalya Scheme, the minimum required subsequent contribution is ₹1,000 per annum, with no maximum limit on the amount that can be contributed. This scheme allows parents or guardians to open a National Pension System (NPS) account for their minor children, ensuring long-term financial security. The account operates under the guardian's management until the child turns 18, at which point the account transitions into a standard NPS Tier-I account.
Important Questions from Social Security Schemes
The Government of India approved the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM-JAY) in the year ______.
In which year was the Rural Employment Generation Programme launched?
In which of the following years was the ‘Pradhan Mantri Ujjwala Yojana’ launched?
_______ launched on 25th June 2015, intends to provide housing for all in urban areas by year 2022.
- ______ (NPS) is a voluntary, defined contribution retirement savings scheme to enable the subscribers to make optimum decisions regarding their future through systematic savings.
