Post Office Scheme for Boy Child

The Post Office Savings Scheme in India offers a wide range of investment options that provide secure and reliable savings opportunities for individuals. Among these schemes, there are specific ones designed to cater to the financial needs of a boy child. These schemes encourage a culture of savings and long-term financial planning for the future of a young boy, enabling his parents or guardians to make prudent financial decisions on his behalf.

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This article will discuss the best post office savings scheme for Boy child in India, and will highlight their key features.  

What are the Best Post Office Savings in India for Boy Child

In India, there are various post office savings schemes available for the benefit of a boy child. These schemes aim to promote savings for the future education and financial security of the child. 

Here is a list of top 6 post office savings scheme for boy child: 

  • Ponmagan Podhuvaippu Nidhi Scheme

  • Public Provident Fund (PPF)

  • National Savings Certificate (NSC)

  • Kisan Vikas Patra (KSV)

  • Post office Recurring Deposit (RD)

  • Post Office Monthly Income Scheme (POMIS)

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  1. Ponmagan Podhuvaippu Nidhi Scheme

    The Ponmagan Podhuvaippu Nidhi Scheme, introduced by the Tamil Nadu government in 2015, is a social welfare initiative targeted at male children belonging to economically weaker sections of the state. Operating through the Post Office, this scheme aims to provide financial assistance to these students by allowing them to earn high interest on their contributions towards building a corpus for educational expenses.

    Features Details
    Eligibility Male child from economically weaker section and a native to the State of Tamil Nadu
    Account Type Only Single Account Holder
    Who Can Apply? Minor Child (<10 Years of Age): Guardian can open the account in the name of the child Male Child Above 10 Years of Age: Can open PPNS account himself
    Age Limit None
    Contribution Amount Minimum Deposit to Open the Account: Rs. 100  Minimum Annual Deposit: Rs. 500 Maximum Annual Amount: Rs. 1.5 lakhs
    Contribution Payment Options Lump Sum or 12 Instalments
    Maturity Period 15 years can be extended by 5 years within a year of maturity
    PPNS Interest Rate 9.7% p.a. 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. And the interest earned on the deposits is tax free. 
  2. Public Provident Fund (PPF)

    Public Provident Fund (PPF) is a popular long-term investment scheme offered by the Government of India. It was introduced in 1968 with the aim of individuals with a safe and secure savings option, as well as encouraging a culture of long-term financial planning and investment among the general public.

    Let us look at some of the PPF Account Details:

    Tenure 15 years
    Current Interest Rate 7.1% p.a
    Minimum Investment Rs. 500
    Maximum Investment Rs. 1.5 lakh per annum
    Opening Balance Rs. 100 a month
    Frequency of Deposit Once a year
    Mode of Deposit Cash, cheque, demand draft (DD), or through an online fund transfer
    Mode of Holding Individual only
    Risk Factor Minimal
    Tax Benefit Interest and maturity amounts are tax-free u/s 80C
    Partial withdrawal Available after the 7th year 

    People also read: Child Education Plan

  3. National Savings Certificate (NSC)

    The National Savings Certificate (NSC) is a popular savings scheme offered by the Government of India. It is a fixed-income investment option designed to encourage small and mid-level investors to save money while enjoying guaranteed returns which will contribute to the future finances of the boy child. NSC can be purchased from post offices across India and has a fixed maturity period of five years.

    Key Information
    Interest Rate 7.7% per annum
    Minimum Investment Rs.1,000
    Lock-in Period 5 years
    Risk Profile Low-risk
    Tax Benefit  Up to Rs.1.5 lakh under Section 80C
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  4. Kisan Vikas Patra (KVP)

    Kisan Vikas Patra (KVP) is a savings scheme offered by the Government of India to promote long-term savings among individuals, particularly in rural areas. It is a fixed-income investment option that provides a safe and secure way to invest money while earning guaranteed returns. KVP can be purchased from post offices across India and has a fixed maturity period.

    Key Information
    Interest Rate 7.5% (compounded annually)
    Tenure 115 months
    Investment Amount Minimum: Rs. 1,000 Maximum: No maximum limit
    Tax Benefits Tax benefits up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961
  5. Post Office Recurring Deposit

    The Post Office Recurring Deposit (RD) is a savings scheme provided by the Indian postal system. It allows parents/guardians to save money in a systematic manner by making regular monthly deposits for the future of their boy child. There is no maximum limit on the deposit amount, giving individuals the flexibility to save according to their financial capacity. The interest on RD is compounded quarterly, helping the savings grow over time. 

    The Post Office Recurring Deposit is a convenient and flexible savings option, encouraging individuals to save regularly and enjoy the benefits of compounded interest while maintaining easy accessibility to their funds when needed.

    Key Information 
    Regular Monthly Deposit Rs.100 (Minimum)
    Tenure 5 years
    Interest rate 6.2% p.a.
    • Indian nationality and age over 18 years required for applicants.
    • Minors above 10 years can open accounts.
    • Parents/guardians can open accounts for minors.
    Payment Method  Cash or cheque accepted at post office
    Nomination The scheme allows nominees to be chosen for payout in case of death.
    Rebate Facility Option for rebate on advance deposits available, limited to six installments.
    Flexible Deposits Minimum deposit of Rs. 10 per month with no upper limit. 
    Withdrawal Account holders can withdraw up to 50% of their deposit balance 1 year after opening the account.

    People also read: Sukanya Samriddhi Yojana

  6. Post Office Monthly Income Scheme (POMIS)

    Post Office Monthly Income Scheme (POMIS) is a government-backed investment scheme offered by the post office. It is a fixed income scheme that provides individuals with a regular monthly income. The scheme has a tenure of 5 years and offers capital protection, making it a low-risk investment option

    Key Information about Post Office Monthly Income Scheme
    Tenure 5 years lock-in period
    Interest Rate 7.4% p.a.
    Risk Low-risk investment
    Initial Investment  Initial investment starts at Rs.1,000. 
    Payout Payout received one month after the first investment, not at the beginning of every month.
    Multiple accounts Open multiple accounts, but the total deposit amount across all accounts cannot exceed Rs. 9 lakhs.
    Joint account Open a joint account with 2 or 3 people. Aggregate investment limit of up to Rs.15 lakhs for the joint account.
    Fund movement Transfer funds to a recurring deposit (RD) account.
    Nominee Nominate a family member as a beneficiary in case of the investor's demise during the account's term.


In conclusion, India offers a range of post office savings schemes specifically designed to benefit boy children. These schemes aim to foster financial security, education funding, and long-term savings for the child's future. By leveraging these post office savings options, parents can take proactive steps towards ensuring a brighter and more secure future for their boy child in India.

Frequently Asked Questions

  • Can I open a Sukanya Samriddhi Yojana account for my boy child?

    No, Sukanya Samriddhi Yojana is primarily designed for girl children only
  • What is the minimum and maximum age to open a Post Office Savings Account for a boy child?

    The minimum age to open a Post Office Savings Account for a boy child is 10 years, and there is no maximum age limit.
  • Can I open a Public Provident Fund (PPF) account on behalf of my minor boy child?

    Yes, as a parent or guardian, you can open a PPF account on behalf of your minor boy child.
  • Can I prematurely withdraw funds from a post office savings scheme for my boy child?

    Premature withdrawal rules vary for each scheme. For example, PPF permits partial withdrawals from the 7th year onwards, subject to certain conditions.
  • Can I transfer a post office savings account from one post office to another?

    Yes, you can transfer your post office savings account, including those opened for a boy child, from one post office to another by following the prescribed transfer procedure.

Child Plan versus Sukanya Samriddhi Yojana and PPF

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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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