The Ponmagan Podhuvaippu Nidhi Scheme (PPNS) 2025 is a savings scheme launched by the Government of Tamil Nadu, specially designed to help male citizens facing financial Problems. Under this Scheme, boys of Tamil Nadu State can open a savings account in the post office. The PPNS Scheme helps to meet the education and other needs of all male citizens, thereby securing their future. The interest rate under the Scheme is comparatively higher than the normal savings account from any bank in India. This article gives you an overview of PNNS, its Eligibility, Benefits, Application Process and Required Documents.
Ponmagan Podhuvaippu Nidhi Scheme
The Ponmagan Podhuvaippu Nidhi Scheme is a social welfare Scheme launched by the Government of Tamil Nadu to provide Educational Assistance to male citizens. Similar to child plans, it aims to provide financial support to male students facing economic hardships in pursuing their education. The term ‘Ponmagan‘ translates to ‘Golden Child, symbol the significance of this initiative. The selected male citizens under the Scheme can open their savings Bank Account in the post office. The minimum deposit amount under the Scheme is Rs 500 and the maximum deposit amount is Rs 5 lakh. The interest rate under the scheme is 9.70% annually.
Read More :- Tamil Pudhalvan Scheme
Key Highlights of Ponmagan Podhuvaippu Nidhi Scheme
| Name of the Scheme | Ponmagan Podhuvaippu Nidhi Scheme |
| Launched by | Tamil Nadu State Government |
| Objective | Provide Saving Account |
| Beneficiaries | Tamil Nadu State Citizens |
| Interest Rate | 9.70% annually |
| Official website | ———————- |
Contribution Amount
- Minimum Amount to Open the Account: Rs 100
- Minimum Annual Deposits: Rs 500
- Maximum Annual Amount: Rs 5 lakh
Interest Rate
- The interest rate under the Scheme is 9.70% annually.
Maturity Period of PPNS 2024
The maturity period of this Scheme is 15 years.
Benefits of Ponmagan Podhuvaippu Nidhi Scheme
- Under this Scheme, the Tamil Nadu State male citizens can open a savings account in the Post Office.
- With the help of the scheme, the applicants can just submit a deposit of Rs 500.
- The interest rate under the Scheme is 9.70% annually.
- The interest rate is relatively higher than any other savings account in any bank across India.
- This scheme helps in fulfilling the education and other needs of the children, thereby securing their future.
- The applications did not have to pay any Tax under the PPNS 2025.
Read More :- Madras University Free Education Scheme
Eligibility Criteria
- The applicant must be a permanent resident of Tamil Nadu State.
- The applicant must be a male citizen of Tamil Nadu state.
- Applicant must belong to the Economically Weaker Section (EWS).
- The child should not be receiving any other financial assistance for education from the Government.
Required Documents
- Identity Proof
- Education Certificates
- Bank Account Details
- Income Proof
- Address Proof
Application Process for the Ponmagan Podhuvaippu Nidhi Scheme
All the applicants of Tamil Nadu state who want to Apply for this Scheme can use the below steps:
- Step 1: The applicant has to visit the nearest Post Office Branch.
- Step 2: By visiting the Post Office, the applicant has to collect the application form from the concerned officer.
- Step 3: Applicants should fill the application form with all the Information and attach the Required Documents.
- Step 4: After that Submit the application form back to the concerned officer.
FAQs
Q- Which State launched the Ponmagan Podhuvaippu Nidhi Scheme 2025?
A- The Tamil Nadu State Government launched the Ponmagan Nidhi Scheme 2025.
Q- Who is eligible to Apply for the Scheme?
A- All the permanent male residents of Tamil Nadu State are eligible to Apply for the Scheme.