Ponmagan Podhuvaippu Nidhi Scheme: 5 Major Points..!


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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