https://www.taxtmi.com/news?id=27899 The government launched a pension scheme for minors permitting accounts in a minor's name operated by a parent or guardian, with enrollment via authorised Points of Presence and an online platform. A minimum annual contribution is required and there is no maximum limit. Subscribers may choose among multiple investment allocations across government securities, corporate debt and equity. On reaching majority, accounts convert into the standard pension system account, supporting early saving, compounding benefits, and expanded pension coverage through coordinated outreach and literacy efforts. en-us Thu, 19 Sep 2024 09:11:59 +0530 Thu, 19 Sep 2024 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27899 The government launched a pension scheme for minors permitting accounts in a minor's name operated by a parent or guardian, with enrollment via authorised Points of Presence and an online platform. A minimum annual contribution is required and there is no maximum limit. Subscribers may choose among multiple investment allocations across government securities, corporate debt and equity. On reaching majority, accounts convert into the standard pension system account, supporting early saving, compounding benefits, and expanded pension coverage through coordinated outreach and literacy efforts. News - Thu, 19 Sep 2024 09:11:59 +0530 https://www.taxtmi.com/news?id=27899