NPS Vatsalya gets positive response: 9,700 minors subscribe to pension scheme on first day

NPS Vatsalya scheme: The NPS Vatsalya announced by the Central government has received a positive response from the people as about 9,700 minor subscribers joined the scheme on the first day of its launch.  The scheme, launched this week, is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). The scheme offers parents and guardians an opportunity to start saving early for their children's retirement by using the power of interest on interest.