We find a new type of non-linear supersymmetries, called N -fold parasupersymmetry, which is a generalization of both N -fold supersymmetry and parasupersymmetry. We provide a general formulation of this new symmetry and then construct a second-order N -fold parasupersymmetric quantum system where all the components of N -fold parasupercharges are given by type A N -fold supercharges. We show that this system exactly reduces to the Rubakov-Spiridonov model when N = 1 and admits a generalized type C 2N -fold superalgebra. We conjecture the existence of other 'N -fold generalizations' such as N -fold fractional supersymmetry, N -fold orthosupersymmetry, and so on.