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Yes. Grandparents and other relatives can gift money to a child’s NPS Vatsalya account by remitting it to that account. But contributing is different from opening or operating it: the child is the subscriber and beneficiary, and a parent or legal guardian operates the account. A grandparent can open it only if they are the child’s legal guardian.
Who can open the account, and who can contribute?
NPS Vatsalya is for an Indian citizen under 18. The minor is the subscriber and sole beneficiary; a parent or legal guardian opens and operates the account. A parent or guardian does not need to have an NPS account of their own. A grandparent who is not the legal guardian cannot open or operate the child’s account, but can gift contributions to it.
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PFRDA’s official scheme guide says grandparents, relatives and friends may gift contributions. The 2025 scheme guidelines likewise permit relatives and friends to remit gifts to the subscriber’s account. Giving money does not give the relative control of the account.
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PFRDA’s 2025 guidelines list these routes for remitting contributions:
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- Deposit in person through a registered Point of Presence (PoP).
- Use a PoP’s online facility.
- Pay through the eNPS platform.
- Use another electronic method approved by PFRDA.
PFRDA’s FAQ, updated 16 June 2026, also lists UPI apps and provider online channels. Available payment methods and the steps to follow can vary by provider, so use the chosen PoP or eNPS instructions. The account remains in the child’s name regardless of who sends the money.
Contribution minimums and investment risk
PFRDA’s current scheme guide lists a minimum contribution of ₹250 when opening the account and ₹250 in each financial year, with no maximum. Its FAQ updated 16 June 2026 lists ₹10 as the minimum for subsequent contributions. The ₹250 annual minimum is not a minimum for every later payment.
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Contributions are invested by the selected pension fund, and returns are market-linked. NPS Vatsalya does not promise a fixed or guaranteed interest rate. Families should consider that investment risk and their time horizon rather than treating the account like a bank savings account.
What to know before opening or gifting
Opening requirements
Accounts can be opened through registered PoPs or eNPS. PFRDA’s published instructions call for the guardian’s KYC and proof of the minor’s date of birth; check the provider’s current application instructions for its complete requirements. Eligible cases include minors whose guardian is an NRI or OCI.
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Withdrawals before age 18
After the required three-year period, partial withdrawals are allowed for specified purposes, including education, treatment of specified illnesses and disability above 75%. A withdrawal can be up to 25% of the minor’s own contributions, excluding investment returns, and withdrawal-count limits apply. Check PFRDA’s current rules for the applicable count and conditions before planning a withdrawal.
When the subscriber turns 18
The subscriber must complete fresh KYC at 18. PFRDA’s current materials describe options to continue the account to age 21, shift the corpus to an applicable NPS account, or exit subject to current corpus thresholds and exit rules. Check the live guidance before acting, because the available route depends on the rules and the subscriber’s circumstances.
Tax treatment for a relative who contributes
PFRDA’s guide says a parent or guardian may claim a deduction of up to ₹50,000 for an eligible contribution under the old tax regime; the new regime does not provide this deduction. The guide does not establish that a grandparent or other relative who gifts the money can claim the deduction personally. Verify eligibility under the tax rules for the relevant year rather than assuming the contributor receives a tax benefit.
Check the current rules before sending money
Contribution limits, withdrawal and exit conditions, charges and tax treatment may change. Consult PFRDA’s live NPS Vatsalya guide and its FAQ updated 16 June 2026, then follow the current instructions of the provider handling the contribution.
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