How to Open Ponmagan Scheme For Boy Child?
- In this scheme, accounts can be opened for boy child aged less than 10 years with the help of guardians, whilst those above 10 years can open accounts on their individual.
- There is no age perimeter for opening an account in this scheme.
- An advantage of Ponmagan Podhuvaippu Nidhi was to facilitate the minimum amount to open the account was Rs. 100.
- The minimum deposit time is 15 years and deposits ranging from Rs. 500 to a maximum of Rs. 1.5 lakh can be made in a year.
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