Deduction under section 80CCD for contributions made to NPS Vatsalya

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....rt a National Pension Scheme (NPS) account for their children. This savings-cumpension scheme is designed exclusively for minors and will be operated by the guardian for the exclusive benefit of the minor till they attain majority. When a minor attains 18 years, the account will continue to be operational, transferred to the child's name with the accumulated corpus and will be shifted into the....

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....nd is received on closure of the account due to the death of the minor shall not be deemed to be the income of the parent/guardian; 3. The NPS Vatsalya Scheme also allows for partial withdrawal from the minor's account to address certain contingency situations like education, treatment of specified illnesses and disability (of more than 75%) of the minor. Accordingly, it is also proposed to inser....