Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Service typePFRDA-regulated saving-cum-pension scheme for minorsView source
identifies as regulator and administrator; it is not a guaranteed bank deposit.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Scheme
- Accessed
- 12 Aug 2026
- Confidence
- high
Eligibility and operationAll minor citizens below age 18; account opened in the minor's name, operated by a guardian and held solely for the minor beneficiaryView source
The minor, rather than the guardian, must be the sole beneficiary.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Eligibility and Operations
- Accessed
- 12 Aug 2026
- Confidence
- high
Contribution limitsMinimum ₹1,000 at opening and ₹1,000 per year thereafter; no published maximumView source
separately states the opening and subsequent annual minimums and says there is no maximum.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Contribution
- Accessed
- 12 Aug 2026
- Confidence
- high
Investment choicesDefault LC-50; auto choices LC-75, LC-50 or LC-25; active allocation up to 75% equity, 100% corporate debt, 100% government securities and 5% alternate assetsView source
The guardian selects a -registered pension fund and applicable investment choice; allocation ceilings are not return guarantees.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Pension Fund Selection and Investment Choices
- Accessed
- 12 Aug 2026
- Confidence
- high
Partial withdrawalUp to 25% of contributions after three years for education, specified illness or disability, no more than three timesView source
The page confines the purpose to education, specified illness and disability.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Withdrawal, exit and death
- Accessed
- 12 Aug 2026
- Confidence
- high
Transition or exit at age 18Seamless shift to NPS Tier I, or exit: above ₹2.5 lakh corpus, 80% to annuity and 20% lump sum; ₹2.5 lakh or less, full lump sumView source
On the minor's death, page states the entire corpus is returned to the guardian.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Withdrawal, exit and death
- Accessed
- 12 Aug 2026
- Confidence
- high
Opening channelNearest SBI branchView source
The page names only the branch route and does not publish an online application URL.
- Source
- National Pension System — Vatsalya
- Page / section
- Vatsalya — Where to open account
- Accessed
- 12 Aug 2026
- Confidence
- high
AvailabilityAvailable by visiting an SBI branchView source
The manually reviewed product record states: “Available by visiting an branch”.
- Source
- Vatsalya — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Customer typeMinor Indian citizens below age 18; Resident or NRI guardians operating for a minor sole beneficiaryView source
The manually reviewed product record states: “Minor Indian citizens below age 18; Resident or guardians operating for a minor sole beneficiary”.
- Source
- Vatsalya — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Benefits and features
- Guardian-selected -registered pension fund
- Default, lifecycle and active investment choices
- No published maximum contribution
- Limited purpose-based withdrawal after three years
- Seamless transition to adult Tier I at age 18
Eligibility
- The account belongs to the minor sole beneficiary and is operated by a guardian until transition.
- Returns are market-linked and not guaranteed by .
- Withdrawal and exit rules are regulatory and may change; confirm current terms at the branch.
- An guardian must provide an or bank account of the minor, singly or jointly held, as stated on page.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Guardian proof of identity and address: Aadhaar, driving licence, passport, voter , NREGA job card or National Population Register document as applicable
- Minor date-of-birth proof: birth certificate, school-leaving certificate, matriculation certificate, or passport as applicable
- Minor's sole or joint / bank-account details where the guardian is
Related official documents
SBI NPS Vatsalyaofficial-product-page · current · accessed 29 Aug 2026
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