The Tamil Nadu government created Ponmagan Podhuvaippu Nidhi Scheme, which is a savings account program for boys। Indian government runs a lot of programs through post offices, but most of them are for women। Tamil Nadu government has launched PPNS Scheme with a focus on males। This is the first financial assistance program specially designed for men। This account requires a minimum deposit of 500 rupees। This scheme is currently implemented only in Tamil Nadu। A minor and his parents may open a post office savings account under this program। Please read below for more information about the Ponmagan Podhuvaippu Nidhi Scheme।
Details of Tamil Nadu PPNS Scheme in Highlights
| Name | Ponmagan Podhuvaippu Nidhi Scheme |
| Initiated by | Tamil Nadu Government |
| Year | 2023 |
| State | Tamil Nadu |
| Beneficiary | Tamil Nadu State boys |
| Opening amount | 100 Rupees |
| Registration process | Online in the post office |
| Official website | https://www.indiapost.gov.in |
Ponmagan Podhuvaippu Nidhi Scheme 2023:
Tamil Nadu government has started a program to save money for boys। This program was launched on September 15, 2015, by the Tamil Nadu government। This program has been restarted and its interest rate has increased over time। The current interest rate is 9.70%। This program allows you to start a boy account for as little as Rs. 100; Maksimum ₹5 लाख का deposit किया जा सकता है। You have to deposit money every month।
According to this plan, kids under ten can have their parents open their accounts, but kids over ten can do it by themselves। If you want to benefit your son, you must apply for this program। This scheme is currently implemented only in Tamil Nadu। A minor and his parents may open a post office savings account under this program।
Benefits of Ponmagan Podhuvaippu Nidhi Scheme
With this plan, the boy’s parents can save money for their future।
The Tamil Nadu government started this program to give the boys a brighter future।
The current limits for this program are Rs. 500 and Rs. 5 lacks, respectively।
Also, a boy under ten may open an account under this program।
This program’s interest rate has increased to 9.70%।
The scheme’s maximum amount was increased from 1.5 lacks to 5 lacks ।
The account is opened for a boy under ten years old by the custodian।
Also, guardians may ask for a loan from this account; however, they must have held the account for four years fully before they can do so।
Interest Rates for Ponmagan Podhuvaippu Nidhi Scheme
| Interest rate | 9.70 percent |
| Minimum amount | 500 rupees |
| Maximum amount | 5 lakh rupees |
Any applicant who wishes to apply must meet the following criteria:
For this program, you can start a Rs. 100 savings account।
The interest that you will receive under this plan will be calculated using an annual compound।
Also, the applicant has the option to change the account name at his discretion।
The petitioner will only receive this money after five years have passed।
Only once can your account be transferred in the name of another person।
Required Documents to Apply: The following are some essential documents for the Ponmagan
Podhuvaippu Nidhi Scheme:
Ponmagan Podhuvaippu Nidhi Scheme Application Process: The user must follow the following steps to apply:
First, go to the nearest post office and get the Ponmagan Podhuvaippu Nidhi Scheme application form from the concerned officials. Fill in the form with all the details and attach all the documents. Finally, submit the application form and all the required documents to the post office’s concerned officials. The application is approved।
The child is now a beneficiary of the Ponmagan Podhuvaippu Nidhi Scheme offered by the Post Office।