The Department of Posts launched a savings scheme in
Tamil Nadu for the male child on the lines of the successful Sukanya Samriddhi
Account scheme, a top official said.
The proposal to create the ‘Ponmagan Podhuvaippu Nidhi’
scheme was in the backdrop of requests from the public that a scheme similar to
the Sukanya Samriddhi Account scheme be created, Chief Postmaster General Mr.
Mervin Alexander said in an official release.
Postal Department Savings Scheme for Male Child Launched
on September 4, 2015.
1. As per the scheme, an account for children below 10
years can be opened through a guardian while children above 10 years can open
the account individually.
2. The interest for the current year (2015-16) is 8.7%.
3. Tax benefit under 80 C and Interest earned would be exempted from income tax.
4. Minimum deposit would be Rs. 100.
5. The maximum be Rs. 1.50 lakh.
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