New Delhi, May 7 -- India's push to build early retirement savings is seeing a slow start, with enrolments under the NPS Vatsalya-which allows parents and guardians to open pension accounts for children below 18-stuck at about 2.25 lakh since its September 2024 launch, three people in the know said. The muted uptake for National Pension System (NPS) minor accounts has prompted the Pension Fund Regulatory and Development Authority (PFRDA) to step up efforts to boost coverage.

The scheme is implemented through points of presence (PoPs), which include the bank branches and non-bank entities, under the regulation of the PFRDA. An NPS-Vatsalya account can also be opened through the online platform of the NPS Trust.

Of the total, 79,649 accou...