Ponmagan Podhuvaippu Nidhi Scheme (PPNS)

Post Office Ponmagan Podhuvaippu Nidhi scheme is a social welfare initiative introduced by the Tamil Nadu government in 2015. The scheme aims to provide financial assistance to male students of economically weaker sections of the state. Under this scheme, eligible students earn high interest on their contributions to build a corpus for educational expenses.  Let us learn about the benefits and features of Ponmagan Podhuvaippu Scheme in this article.

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What is Ponmagan Podhuvaippu Nidhi Scheme (PPNS)?

The term Ponmagan” means “Golden Child”. The Government of Tamil Nadu launched the Post Office Ponmagan Podhuvaippu Nidhi Scheme to assist students facing economic constraints financially. 

The child education plan has successfully provided financial assistance to thousands of students to pursue their education without worrying about the financial burden.

Features of Ponmagan Podhuvaippu Nidhi Scheme (PPNS)

Let us learn the key features of Ponmagan Podhuvaippu Nidhi Scheme in Post Office from the table mentioned below:

Features Details
Launched By Government of Tamil Nadu in 2015
Administered By Department of Post
Scheme Type Public Provident Fund (PPF) Scheme
  • Male Child
  • From Economically Weaker Section
  • Native to the State of Tamil Nadu
Account Type Only Single Account Holder
Who Can Apply?
  • Minor Child (<10 Years of Age): Guardian opens the account in the name of the child
  • Male Child Above 10 Years of Age: Opens PPNS account himself
Age Limit N/A
Contribution Amount
  • Minimum Amount to Open the Account: Rs. 100 
  • Minimum Annual Deposits: Rs. 500
  • Maximum Annual Amount: Rs. 1.5 lakhs
Contribution Payment Options
  • Lump Sum
  • 12 Instalments
Maturity Period
  • 15 years
  • Extendable by 5 years within a year of maturity
PPNS Interest Rate 9.7% p.a. (decided by the government periodically)
Interest Payment Compounded Annually
Nomination Facility Available
Premature Closure Before Maturity Not Permitted
Partial Withdrawals From 7th financial year of opening PPNS Account
Loan Facility Available after completion of 3rd financial year of opening the account
Tax Benefits on Investment Tax Deductions on Investment of up to Rs. 1.5 lakhs u/ Section 80C of the IT Act, 1961
Tax Benefits on Interest Earned Tax-Free
Transferability PPNS Account can be transferred across branches of post offices in India
Payment Method to PPNS
  • Cash
  • Cheque
Last Date to Apply Can Apply Anytime

Eligibility Criteria

The eligibility criteria to apply for the Ponmagan Scheme in Post Office are:

Particulars Eligibility Criteria
Scheme For Male Child
Residence Native of Tamil Nadu
Education Studying in a government or government-recognized school or college in Tamil Nadu
Income Belong to Economically Weaker Section (EWS)
Other Conditions The child should not be receiving any other financial assistance for education from the government
Other Siblings If the child has a sibling, only one of them will be eligible for the scheme
Bank Account The child must open a bank account in his/her name

Documents Required

To apply for the Ponmagan Podhuvaippu Nidhi Scheme, you must submit the following documents:

  • Duly filled application form

  • Passport-size Photograph of the Child 

  • Income Certificate

  • School/ College Certificates (for the current academic year)

  • Bank Account Details of the Child

  • Residence Proof (Ration Card/ Voter ID Card/ Aadhaar Card)

How to Apply for Ponmagan Podhuvaippu Nidhi Scheme (PPNS)?

Here are the steps to apply for the Ponmagan Scheme at Post Office:

Step 1: Visit the nearest post office branch and collect the application form for the Ponmagan Podhuvaippu Nidhi Scheme

Step 2: Fill in the form carefully and attach all the required documents, such as:

  • Identity Proof

  • Address Proof

  • Education Certificates

  • Bank Account Details

  • Income Proof. Etc.

Step 3: Submit the filled application form along with the required documents to the post office officials

Step 4: Once the verification process is done, the application gets approved

This makes the child a beneficiary under the Ponmagan Podhuvaippu Nidhi Scheme in Post Office.

Benefits of Ponmagan Podhuvaippu Nidhi Scheme

The key benefits of Ponmagan Scheme of Post Office are:

  1. Easy Accessibility 

    The scheme is available at designated post offices in Tamil Nadu and Puducherry, making it easily accessible to people.

  2. Low Investment Amount 

    The minimum investment amount for the scheme is Rs. 100, making it affordable for low-income people.

  3. Attractive Interest Rate 

    The scheme offers a fixed interest rate, which is usually higher than the interest rates offered by other small savings schemes. The current interest rate offered under the scheme is 9.7% p.a. compounded yearly.

  4. Tax Benefits 

    Investors can claim tax benefits under Section 80C of the Income Tax Act for investments made in this scheme.

  5. Safe Investment Option 

    The Government of India backs the scheme, making it a safe investment option for financially weaker sections.

  6. Guaranteed Returns

    The fixed interest rate provides an assured corpus with high interest earned over time. This will help to fund the educational expenses of the child in future.

Wrapping It Up

Ponmagan Podhuvaippu Scheme is essential to promote inclusive education and ensure that every student is included due to financial constraints. This savings scheme offered by the Government of Tamil Nadu encourages parents/ guardians of economically weaker sections to save for their boys’ education.


  • What is the interest rate for Ponmagan scheme?

    Currently, the Government of Tamil Nadu provides a high interest rate of 9.7% p.a. on contributions to the Ponmagan Podhuvaippu Nidhi Scheme in Post Office.
  • What is the maturity period of Ponmagan scheme?

    The maturity period of Ponmagan Scheme in Post Office is 15 years (same as PPF of the Government of India), which is extendable by 5 years within 1 year of maturity.
  • What is Ponmagan scheme in Tamil Nadu post office?

    Ponmagan Podhuvaippu Scheme is a savings scheme offered by the Tamil Nadu Postal Department, primarily targeted towards boy children. The scheme encourages parents/ guardians to save money to cover their child’s educational expenses. 

    Under this, parents can open a PPF account in their child’s name for 15 years, which also offers tax benefits.

  • What are the benefits of Post Office PPF scheme?

    The Public Provident Fund (PPF) is a long-term savings scheme available in post offices across India. Here are some benefits of Post Office PPF scheme:
    • High interest rate of 7.1% p.a.

    • Ideal for long-term investment goals with a 15-year lock-in period

    • Tax benefits under Section 80C of the Income Tax Act, 1961

    • Flexibility in deposit amounts allowed between Rs. 500- Rs. 1.5 lakhs annually

    • Loans available against PPF account balance after the completion of 3 years

    • Partial withdrawals after the completion of 5 financial years from opening the account

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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