Ponmagan Podhuvaippu Nidhi Scheme (PPNS) has been launched by the Government of Tamil Nadu. Through this scheme, male children above or below the age of 10 years can open their interest account in the post office either by themselves or through their parents. In which the minimum deposit amount is Rs 500 and the maximum deposit amount is Rs 5 lakh.

The interest rate under Ponmagan Podhuvaippu Nidhi Scheme is 9.70%. Under this program, all eligible children will be able to develop the habit of saving for their future use. Along with this, let us also tell you that the interest rate in this scheme of the state government is comparatively higher than the normal savings account of any bank in India. Under this article today, we are going to give you all the information related to Ponmagan Podhuvaippu Nidhi Scheme. You must read the article till the end.

Name of the scheme	Ponmagan Podhuvaippu Nidhi Scheme (PPNS)
Launched by	Tamil Nadu State Government
Objective	Provide saving Account
Benefit	Interest Rate 9.70% under PPN Scheme
Beneficiaries	Citizen of Tamil Nadu State
Application Process	Offline/ Online
official website	Will be launch soon

Ponmagana Podhuvappu Nidhi Scheme has been launched by the Honorable Chief Minister of the state, Revanth Reddy. However, it has been started only a short time ago. In Tamil Nadu, boys below 10 years of age or their parents will be able to save money for their children’s future by opening a savings account in the post office for them.

Through this scheme, all eligible children will not have to worry about their future in the future because many times choosing a good career requires more money. And due to lack of more money, we change our decision. But through this Ponmagana Podhuvappu Nidhi Scheme, all the children will be able to use their money in the right direction from the beginning. Which will benefit them a lot in the future.

The main objective of launching the Ponmaagan Podhuvappu Nidhi Scheme is to secure the future of all the children of the state, because through this scheme, the habit of daily saving can be inculcated in all the children and their families, so that they can keep adding their capital from now on to give a good future to their children. So that they do not have much difficulty in spending too much at once.

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• So as you know that Ponmagan Podhuvaippu Nidhi Scheme has been started. Through which all the children of the state above or below 10 years of age can open their savings account in the post office.
• The future of all eligible children will be secured by the account opened through this scheme.
• The state government has increased the Deposit limit in the scheme from ₹1.5 lakh to ₹5 lakh. So that more and more people can get the benefit.
• Through Ponmagan Podhuvaippu Nidhi Scheme, all the children will be able to make their future Secure.

• Under Ponmaagan Podhuvappu Nidhi scheme, the applicant is not required to pay tax.

• An interest rate of 9.7% annually has been fixed under Ponmaagan Podhuvappu Nidhi scheme.

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• Minimum amount to open an saving account – ₹100
• Minimum annual deposit – ₹500
• Maximum annual deposit – ₹5 lakh

• The Maturity period under Ponmagan Podhuvaippu Nidhi Scheme is 15 years.

• The benefit of this scheme will be given only to male children of Tamil Nadu state.
• all the applicants should belong to the economically weaker section (EWS).
• The child should not get any other financial assistance for education from the government. The petitioner will get this money only after five years.
• The account of the applicants can be transferred to the name of any person only once.
• The petitioner will get this money only after five years.

• Aadhar Card
• Address Proof
• Education Certificate
• Bank Account Details
• Income Proof.

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To take advantage of the Ponmagan Podhuvaippu Nidhi Scheme, you have to follow the steps given below. Which are as follows:-

Step 1. So first of all you have to go to your nearest Post Office branch.

Step 2. After going there, you have to get the application form of Ponmagan Podhuvaippu Nidhi Scheme from the concerned officer.

Step 3. Now you have to enter all the information asked in the application form very carefully.

Step 4. Along with this, necessary documents will also have to be attached with the form.

Step 5. Finally, after checking your form, you will submit your form there.

Step 6. After that your form will be verified by the officer. After this your name will be added to the beneficiary list.

Where to apply for this scheme?

You can apply for this scheme by visiting your nearest post office branch.

What is the interest rate fixed under this scheme?

The interest rate under this scheme will be 9.7%.

What is the minimum amount that can be deposited in a year?

Minimum annual deposit – ₹500.