(PPNS) Ponmagan Podhuvaippu Nidhi Scheme 2024 | indiapost.gov.in

  Ponmagan Podhuvaippu Nidhi Scheme was introduced by the Government of Tamil Nadu state in 2015. Most of the Government of India launched schemes related to girls/women but this time it is about boys. The word Ponmagan means “golden child”, basically this scheme is about the young Boys so that they can open their savings accounts.

In the Ponmagan scheme, boys older than 10 years or their parents can open their account in Ponmagan, and per month they have to deposit some amount, a minimum of 100 and a maximum of 5 lakh. After 15 years their amount should be returned.

This scheme also supports financially weakened students and saves their savings in their accounts, so the stress about their future should be realized. The interest rate is 9.70%, all permanent residents are eligible for this scheme and they can deposit their amount in any Bank in India.

Here are some codes and conducts that follow every applicant before applying.

• The applicant should be a permanent resident of Tamil Nadu state.
• The applicant should be a boy from Tamil Nadu state.
• The employee must not receive any allowance from the government.
• The account only once be transferred to any individual.
• The child’s family should belong to EWS (economical weaker section)

Here are some documents that every applicant must contain:

• Application form filled
• Identity proof
• Bank account
• Current academic certificate 
• Income certificate
• Passport size images
• Ration card

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Tex  benefits of this scheme:

One of the most amazing benefits of this scheme is that the applicant did not pay any sort of tax while belonging to the text-paying section of society.

The deposit timeframe for Ponmagan Podhuvaippu Nidhi is 15 years. After opening an account in  Ponmagan after 7 years you are allowed to withdraw short amounts but you have to continue the project for 15 years.

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Go along with these steps for an easy and smooth application process of this scheme. Here is a step-by-step guide you have to follow.

• First of all, if you are eligible and want to register yourself in this scheme visit the nearest office from your home in Tamil Nadu state.
• Concern-related officers, after reaching the office take applicant form.
  After that, read the instructions fill out the form, and attach the required documents.
• After filling out the form, quickly review it and then submit it to the office.
• Once verification is completed the applicant will become a beneficiary Ponmagan Podhuvaippu Nidhi.
  
  
  

What is the interest rate of this scheme?

The interest rate of Ponmagan Podhuvaippu Nidhi is 9.70% annually in 2024.

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Here are the top-notch benefits of this scheme that you will get in this scheme. Have a look at these.

• First off this program is easily accessible for all citizens of Tamil Nadu state.
• With a very short amount, you can open your account in this scheme.
• 15 years is the timeframe of this scheme but extensions of 5 years are also available.
• In the 7th year of opening an account, you can get short withdrawals of your income.
• This scheme also encourages education in young boys, citizens of Tamil Nadu state.
• This initiative step is also taken to reduce the burden of finance in the future.

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Ananya

As a passionate content writer, I am Ananya, and I am dedicated to providing clear and detailed information about various Indian government schemes and programs. My goal is to help you navigate and understand all the available initiatives. You can find all this information on this website, [Hindi Yojana News]. If you have any queries, please feel free to ask, and I’ll be happy to assist you.