The Govt. of India launched the NPS vatsalya scheme to secure minor children’s future. Let us explore the features, benefits, and disadvantages in this article. NPS Vatsalya Scheme Eligibility, Features, Benefits, and Disadvantages… Any Indian citizen below 18 years of age is eligible for this scheme. and Non-Resident Indians (NRI) and Overseas Citizenship of India (OCI) who are under 18 years of age can invest in this scheme. In addition, parents or guardians can open this account on behalf of minors. And parents must operate this NPS vatsalya scheme account till minors become majors. CRA will issue a pension retirement account …