How to open an NPS Vatsalya account via Punjab National Bank's PNB ONE mobile app: Step-by-step guide

“This Children’s Day, we take a step forward in protecting every child’s right to a secure future. With NPS Vatsalya now on PNB ONE, parents can plan their children’s financial journey digitally, fulfilling our vision of financial independence and inclusion for every generation,” said Sudhir Dalal, GM BA & RM, PNB.

• Log in to the PNB ONE mobile app.

• Navigate to View All → NPS → Subscriber Registration.

• Select NPS Vatsalya (Minor) as the account type.

• Complete e-KYC using Aadhaar, CKYC, PAN, or DigiLocker.

• Upload the minor’s date of birth proof (such as a Birth Certificate, School Certificate, or Passport).

• Make an initial contribution to activate the account.

• Upon successful payment and authentication, a Permanent Retirement Account Number (PRAN) is generated.

NPS Vatsalya Scheme

The NPS Vatsalya Scheme is a unique retirement savings plan that enables parents to build a pension corpus for their minor children.

Once the child turns 18, the account is automatically converted into a regular National Pension System (NPS) account.

All children below the age of 18 are eligible to be beneficiaries under the NPS Vatsalya plan.

To start an account, parents must make a minimum initial deposit of ₹1,000. The account can be opened online via the official eNPS portal or offline by visiting participating bank branches.