Ponmagan Podhuvaippu Nidhi Scheme is a special savings program made for boys by the Tamil Nadu government. Although many government savings schemes focus on women, this one supports boys’ financial future. If you live in Tamil Nadu and want to save for your son’s future, this scheme is simple to use and offers good benefits.
About Ponmagan Podhuvaippu Nidhi Scheme 2025
Started by the Tamil Nadu government on September 15, 2015, this scheme has been updated over time, including an increase in the interest rate. The current interest rate is 9.70% per year. Both parents or guardians can open a savings account for boys below 10 years old at the post office. Boys above 10 years can open accounts on their own.
The minimum deposit starts at Rs. 100, and you can deposit up to Rs. 5 lakh. Monthly deposits are needed to keep the account active.
Main Features of Ponmagan Podhuvaippu Nidhi Scheme
| Name | Ponmagan Podhuvaippu Nidhi Scheme (PPNS) |
| Launched by | Tamil Nadu Government |
| Year | 2025 |
| State | Tamil Nadu |
| Eligible Beneficiaries | Boys of Tamil Nadu |
| Minimum Deposit | Rs. 100 |
| Maximum Deposit | Rs. 5,00,000 |
| Registration | At the post office |
| Official website | indiapost.gov.in |
Main Benefits of Ponmagan Podhuvaippu Nidhi Scheme
- A dedicated savings account for boys to secure their future.
- Encourages parents to save regularly with easy monthly deposits.
- Higher interest rate at 9.70%, which is better than many fixed deposits.
- Deposit limits range from Rs. 500 minimum to Rs. 5 lakh maximum.
- Account can be opened by parents or guardians for boys under 10, or by boys themselves if older.
- Loan facility is available against this account after holding it for four years.
- Flexible account management including changing the account holder’s name after five years.
Interest Rate and Deposit Details
| Interest Rate | 9.70% per annum |
| Minimum Deposit | Rs. 500 (monthly) |
| Maximum Deposit | Rs. 5,00,000 |
Who Can Apply?
- This scheme is for boys living in Tamil Nadu.
- Parents or guardians can open accounts for boys under 10 years.
- Boys aged 10 years and above can open accounts by themselves.
- Minimum initial deposit is Rs. 100, with monthly deposits required.
- Account funds are locked for five years, encouraging long-term savings.
- Only one transfer of account name is allowed.
Documents Needed for Application
- Completed application form from the post office
- Passport size photo of the boy
- Income certificate of parents/guardians
- Proof of residence (Aadhaar Card, Ration Card, or Voter ID)
- School or college certificates for the current year
- Bank account details of the child (if any)
How to Apply for Ponmagan Podhuvaippu Nidhi Scheme
- Visit your nearest post office in Tamil Nadu.
- Ask for the Ponmagan Podhuvaippu Nidhi Scheme application form from officials.
- Fill the form carefully with all required details.
- Attach all necessary documents as listed above.
- Submit the completed form and documents to the post office staff.
- After verification, the account will be opened and the boy will become a beneficiary of the scheme.
This scheme offers an easy and helpful way for you to save money for your son’s future. With a good interest rate and clear guidelines, Ponmagan Podhuvaippu Nidhi Scheme stands as a valuable financial choice for families in Tamil Nadu.
