The Government of Tamil Nadu has launched a very special and unique scheme for boys which is a saving account scheme for boys. The Government often comes out with new schemes for women, but this time keeping the boys in mind, it has come out with this Ponmagan Podhuvaippu Nidhi Scheme 2024. Interested candidates can visit the official website at https://www.indiapost.gov.in/. In this article we will discuss about this Scheme in details including Key Highlights, Objectives, Benefits & Features, Eligibility Criteria, Required Documents, Application Procedure for Ponmagan Podhuvaippu Nidhi Scheme, etc.
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About Ponmagan Podhuvaippu Nidhi Scheme 2024
The State Government has established a very first saving program specially for boys which is known as Ponmagan Podhuvaippu Nidhi Scheme (PPNS) which is social welfare scheme. The Government has introduced this program on September 15, 2015 and now this scheme has been relaunched and its interest rate is raised by 9.70% which is the current interest rate. Beneficiaries can open their account with a minimum deposit of Rs. 100 and the maximum deposit of Rs. 5 Lakh. Parents can open saving account for boys who are 10 years old or younger.
Key Highlights of Ponmagan Podhuvaippu Nidhi Scheme 2024
| Name of the Scheme | Ponmagan Podhuvaippu Nidhi Scheme 2024 |
| Launched By | Government of Tamil Nadu State |
| Objective | To encourage boys of the state to open their saving account |
| Beneficiaries | Boys of the state |
| Benefits | Boys can save their money for future reference |
| State | Tamil Nadu |
| Year | 2024 |
| Mode of Transfer | DBT (Direct Benefit Transfer) |
| Form of Benefit | Saving bank account |
| Opening amount | Rs. 100 |
| Hosting Site | NIC (National Informatics Center) |
| Mode of Application | Online |
| Official Website | https://www.indiapost.gov.in/ |
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Objectives of Ponmagan Podhuvaippu Nidhi Scheme
The objectives of the Ponmagan Podhuvaippu Nidhi Yojana are as follows:
- The primary objective of launching the Ponmagan Podhuvaippu Nidhi Scheme 2024
- 2 is to encourage the boys to invest their money.
- The government aims to provide higher rate of interest to the beneficiaries on their savings.
- Government aims to improve the financial status of boys.
- Standard of living of the beneficiaries can be improved under this scheme.
- The Government has introduced this program on September 15, 2015 and now this scheme has been relaunched and its interest rate is raised by 9.70% which is the current interest rate.
Benefits & Features of Ponmagan Podhuvaippu Nidhi Scheme
Here are some benefits & features of Ponmagan Podhuvaippu Nidhi Yojana, which are as follows:
- The boys of the state will get motivated to invest their money in the bank account.
- The government will provide interest rate of 9.70% which is the current interest rate.
- The minimum deposit to open the bank account is Rs. 500.
- And the maximum deposit to open the bank account is Rs. 5 Lakh.
- Boys less than 10 years old can also open the saving account.
- Guardians can open the saving account for less then 10 years old boys.
- Guardians can request a loan from this account.
- The financial condition of the beneficiaries will be improved under this saving account scheme.
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Eligibility Criteria
To avail the benefit under Ponmagan Podhuvaippu Nidhi Scheme 2024, you should fulfil these eligibility criteria:
- Applicants should be a permanent resident of Tamil Nadu State.
- Applicant should be a boy.
- Applicant should have a bank account.
Required Documents
To avail the benefit under Ponmagan Podhuvaippu Nidhi Yojana, candidates should have these following documents:
- Aadhar Card
- Family Identity Card
- Permanent Resident Certificate
- Domicile Certificate
- Duly Filled application form
- Income Certificate
- School/ College Certificate for the current academic year
- Bank account details of the child
- Mobile Number
- Email ID
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Application Procedure for Ponmagan Podhuvaippu Nidhi Scheme (PPNS)
To apply for Ponmagan Podhuvaippu Nidhi Scheme 2024, please follow the below mentioned steps:
- Visit the nearest Post Office.
- Ask for Ponmagan Podhuvaippu Nidhi Yojana application form.
- Fill the required details in the application form.
- Attach all the relevant documents asked in the application form.
- Now submit this application form to the concerned department.
- After verification you will be eligible to get interest rate amount.
FAQs
The primary objective of launching the Ponmagan Podhuvaippu Nidhi Scheme is to encourage the boys to invest their money and the government will provide higher rate of interest to the beneficiaries on their savings which will improve the financial status of boys.
The boys of the Tamil Nadu state will get motivated to invest their money in the bank account and the government will provide interest rate of 9.70% which is the current interest rate. Another benefit is that the minimum deposit to open the bank account is Rs. 500 and the maximum is Rs. 5 Lakh.
All the boys who are permanent resident of Tamil Nadu State are eligible for Ponmagan Podhuvaippu Nidhi Yojana.
The Government of Tamil Nadu has launched a very special and unique scheme for boys which is a saving account scheme for boys known as Ponmagan Podhuvaippu Nidhi Scheme.