Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Scheme typeNPS is a PFRDA-regulated retirement Point-of-Presence service; NPS Vatsalya is a PFRDA-regulated saving-cum-pension scheme for minors; APY is a Government fixed-pension scheme administered through eligible savings accounts.View source
The Bank pages distinguish access, Vatsalya and rather than presenting them as fixed deposits.
- Source
- ; Vatsalya;
- Page / section
- Introduction and scheme descriptions
- Accessed
- 1 Sept 2026
- Confidence
- high
EligibilityNPS access is offered to subscribers using Bank of Maharashtra as Point of Presence; NPS Vatsalya is for minor citizens up to age 18, with guardian operation and the minor as sole beneficiary; APY joining age is 18–40 for eligible savings-account holders and current taxpayer restrictions apply.View source
The linked pages publish the minor age/guardian conditions and joining-age/account condition; subscriber rules are governed by .
- Source
- ; Vatsalya;
- Page / section
- Eligibility
- Accessed
- 1 Sept 2026
- Confidence
- high
Contributions / pensionNPS minimums are not printed on the Bank's current access page. NPS Vatsalya requires ₹1,000 at opening and ₹1,000 per year thereafter with no maximum. APY contribution varies by joining age and selected fixed monthly pension of ₹1,000–₹5,000.View source
The Vatsalya page prints contribution limits; prints pension choices and age-based examples; the general access page does not print a universal numeric minimum.
- Source
- Vatsalya and
- Page / section
- Contribution; pension options
- Accessed
- 1 Sept 2026
- Confidence
- high
Investment choiceNPS Vatsalya offers default LC-50, auto-choice LC-75/
The Vatsalya page publishes all three investment-choice routes and allocation ceilings.
- Source
- Vatsalya
- Page / section
- Investment Choices
- Accessed
- 1 Sept 2026
- Confidence
- high
Published feesThe reviewed Bank pages do not publish a Bank-specific NPS registration or service-fee schedule; applicable PFRDA/CRA/PoP charges must be confirmed before opening.View source
The page provides registration and contribution links but no numeric charge table.
- Source
- National Pension System
- Page / section
- Complete access page
- Accessed
- 1 Sept 2026
- Confidence
- high
Exit / withdrawalNPS Vatsalya permits up to 25% of contributions after a three-year lock-in for education, specified illness or disability, up to three times; at age 18, corpus above ₹2.5 lakh uses 80% for annuity and 20% may be withdrawn, while ₹2.5 lakh or less may be withdrawn fully. APY pays the selected ₹1,000–₹5,000 monthly pension from age 60.View source
The Vatsalya page publishes lock-in, withdrawal frequency, age-18 exit allocation and death treatment; page publishes the age-60 pension choices.
- Source
- Vatsalya;
- Page / section
- Withdrawal, exit and death; pension
- Accessed
- 1 Sept 2026
- Confidence
- high
ChannelsNPS is available through online registration, online contribution and NPS SIP registration, with Bank of Maharashtra's Shivaji Nagar NPS Point of Presence contact; NPS Vatsalya links to the Bank's national NPS portal; APY uses auto-debit from an eligible savings account and Bank grievance support.View source
The page publishes the online links, route and Point-of-Presence contact.
- Source
- National Pension System
- Page / section
- eNPS; contribution; ; contact
- Accessed
- 1 Sept 2026
- Confidence
- high
AvailabilityOnline portal linked from Bank of Maharashtra NPS pageView source
The manually reviewed product record states: “Online portal linked from Bank of Maharashtra page”.
- Source
- Bank of Maharashtra Vatsalya — official product page
- Page / section
- Published product metadata
- Accessed
- 1 Sept 2026
- Confidence
- high
Customer typeMinor citizens up to age 18; account operated by a guardianView source
The manually reviewed product record states: “Minor citizens up to age 18; account operated by a guardian”.
- Source
- Bank of Maharashtra Vatsalya — official product page
- Page / section
- Published product metadata
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- Minor is sole beneficiary; guardian operates account
- ₹1,000 opening minimum and ₹1,000 subsequent annual minimum; no maximum
- Default -50 and guardian-selected -75/
-25 auto-choice options - Active allocation up to 75% equity, 100% corporate debt/
government securities and 5% alternate assets - Up to 25% contribution withdrawal after three-year lock-in for specified purposes, maximum three times
- At age 18, seamless shift to Tier I or exit with 80% annuity/
20% lump sum above ₹2.5 lakh
Eligibility
- All minor citizens up to age 18 may be enrolled; guardian and minor date-of-birth proof are required.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Guardian : Aadhaar, driving licence, passport, voter , NREGA job card or National Population Register proof
- Minor's birth certificate or school-leaving certificate
- / bank account where guardian is
Related official documents
National Pension System Vatsalyaofficial-product-page · current · accessed 1 Sept 2026
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