Post Office Schemes For Boy Child In India

Investing in your child’s future is more than just a financial move, it’s a commitment to their dreams and the nation’s future. In India, post office schemes are backed up by the government. It makes post office schemes for boy child a more reliable and risk-free investment. There are over 1.5 lakh post offices throughout the country, making the schemes available to both urban and rural residents.

Investing In Your Boy’s Dream

Parents save money for their children for several reasons – marriage, health, education, career, and more. Post office schemes have stood the test of time. They provide safety, high interest on deposits, tax benefits, and  increase your wealth. You are probably well aware of the schemes for a girl child offered by the post office, and if you have a boy child as well, you may be wondering, ‘are there any specific post office schemes for boy child?’ The answer is yes, and this blog will help you explore the best saving schemes for boy child in India.

Here is a list of 6 Best Post Office Schemes for Male Child In India

1. National Savings Certificate (NSC)
2. Ponmagan Podhuvaippu Nidhi Scheme
3. Post Office Recurring Deposit (RD)
4. Post Office Monthly Income Scheme (POMIS)
5. Kisan Vikas Patra (KVP)
6. Public Provident Fund (PPF)

Also Read: 6 Best Post Office Saving Schemes To Double The Money

Best Post Office Schemes For Boy Child

Find below the various post office schemes available for male child in India. Along with the interest rate, minimum & maximum amount deposit, maturity & lock-in period, benefits and its features in a tabular form.

1. National Savings Certificate (NSC)

The National Savings Scheme (NSC) is a reputable government savings programme that enables parents to make investments on their son’s behalf. It offers a safe and reliable way to build funds with fixed interest rates.

Boy Child’s Age	Less than 18 years
Interest Rate	7.6% & revised annually
Minimum Deposit	₹1000
Maximum Investment	No Upper Limit
Maturity Period	5 years
Tax Exemption	Up to ₹1.5 lakh (Under Section 80C of IT Act, 1961)
Benefit	A low-risk fixed income scheme designed for children

2. Ponmagan Podhuvaippu Nidhi Scheme (Tamil Nadu)

The Ponmagan Podhuvaippu Nidhi Scheme is a significant welfare initiative created for boy children in Tamil Nadu. This is the best savings scheme for boy child that provides financial aid and support for their development, ensuring their future. It is popularly called a ‘saving programme for boys’.

Boy Child’s Age	Less than 10 years
Interest Rate	9.70%
Minimum Deposit	₹500
Maximum Investment	₹1.5 Lakh per year
Maturity Period	15 years
Tax Exemptions	Up to ₹1.5 lakh (Under Section 80C of IT Act, 1961)
	Parents can avail the tax exemption from 4th year
Feature	Was launched specially in Tamil Nadu on Sep 2015

Note: Minor boys above 10 years can open the account on their own name.

3. Post Office Recurring Deposit (RD)

The Post Office RD plan is a great option for parents who want to make regular savings through children’s post office schemes for boy child to secure future requirements, such as education or other expenses. With reasonable monthly investments, it provides consistent returns over a short period of time.

Minimum Deposit	₹100
Interest Rate	6.5% p.a
Maximum Investment	No Upper Limit
Maturity Period	5 years
Lock-in Period	3 months
Benefit	This is a recurring deposit plan that offers a high rate of interest as compared to a regular savings account in a bank.

4. Post Office Monthly Income Scheme (POMIS)

For parents who want to guarantee the best investment plan for a boy child in India with a consistent source of income, Post Office Monthly Income Scheme (POMIS) is a solid choice. It offers regular interest payments, which makes it a smart option for long-term financial planning.

Boy Child’s Age	Less than 18 years
Interest Rate	7.40%
Minimum Deposit	₹1000
Maximum Investment	₹9 lakhs individually or ₹15 lakhs jointly for 5 years
Maturity Period	5 years
Tax Exemption	Up to ₹1.5 lakh (Under Section 80C of IT Act, 1961)
Feature	It’s a low-risk monthly income scheme that ensures steady income

Also Read: Post Office vs Bank Fixed Deposit Interest Rates

5. Kisan Vikas Patra (KVP)

The KVP scheme is usually used for agricultural savings, but it can also be used as a boy child’s investment choice. It provides a safe approach to increase returns over a set duration of time. This post office scheme for male children offers great interest rates with a longer investment period.

Boy Child’s Age	Less than 18 years
Interest Rate	7.5% p.a
Minimum Deposit	₹1000
Issued denominations	₹1000, ₹5000, ₹10,000 or ₹50,000
Maximum Investment	No Upper Limit
Maturity Period	9 years 7 months (115 months)
Lock-in Period	2 years 6 months (30 months)
Tax Exemption	Up to ₹1.5 lakh (Under Section 80C of IT Act, 1961)
Benefit	The policy allows loan facility for parents at low interest rates.

6. Public Provident Fund (PPF)

Public Provident Fund (PPF) is a flexible post office scheme for boy child where parents can open accounts in their son’s name. It contributes to the production of wealth and monetary security by combining tax advantages with long-term growth potential.

Boy Child’s Age	No age limit
Minimum Deposit	₹500
Interest Rate	7.1% p.a
Maximum Investment	₹1.5 Lakh per year
Maturity Period	15 years + 5 years extension
Tax Exemption	Up to ₹1.5 lakh (Under Section 80C of IT Act, 1961)
Feature	A low risk plan & from 3rd year parents can take loan

Note: The interest rates and lock-in period for each scheme can vary as per the government norms.

 

How to Open a Post Office Savings Account for Boy Child

To open a post office savings account for your boy child, just follow these simple steps.

Step1: Head to your nearest post office or online portal, and fill out the savings account form you want for your boy child.

Step 2: Submit the form by filling in the necessary KYC and attach recent passport-size photos of the boy and his guardian/parent.

Step 3: Make the initial deposit required to open the account. It can be as less as ₹20.

Step 4: For a savings account without a chequebook, you might need to pay a deposit of ₹50.

Step 5: Once the formalities are done, your boy child’s savings account will be activated. Also, you will receive a passbook to record the transaction & account balance.

If your son is below the age of 10, you will have to open the account on their behalf.

Also Read: Personal Loan For ₹50000 Salary

Understanding the Significance of Investment Plan for Boy Child in India

Investing in your boy child’s future is a crucial step in ensuring financial stability, it doesn’t stop there. The following points discuss the highlights of investing in your son’s future.

• Secures their education & dreams.
• Teaches financial discipline.
• Leverages compound growth.
• Shields from inflation’s impact.
• Builds a safety net for emergencies.
• Sets the path for long-term wealth.

Choose wisely from the children’s post office schemes provided for boy child. By securing their tomorrow today, you provide them with the tools to build a prosperous and secure future.

Also Read: Latest Post Office Schemes For Girl Child Offering High Returns

To Conclude

In India, investing in the best post office schemes for boy child is a reliable and secure way to lay a solid financial foundation for their future. These programs encourage savings from a very young age in addition to offering consistent returns. It is even more alluring to parents and guardians because many of the schemes come with tax advantages. Parents may confidently plan for their boy child’s education, career, and life objectives by utilising these reliable post office savings options, assuring a brighter and more secure future.

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