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Definitions

a. The “Account” shall mean an individual pension account of a minor opened through a guardian under the “NPS Vatsalya” scheme. It shall suitably draw from the features of National Pension System (NPS) Tier- 1 Account.

b. The “Subscriber” for the purpose of this scheme shall mean a minor who has opened the account under the scheme.

c. The “Guardian” shall mean either the parent of a minor or a legal guardian.

d. The “Minor” shall mean a person who has not reached the age of eighteen years.