- Date : 02/08/2022
- Read: 3 mins
For a long time, post office saving scheme for boy child are available that help parents secure their child's future. In today's time, when everything is skyrocketing, and inflation is affecting everyone, as a parent, you'd be worried about your child's future. You've succeeded if you can help him with a significant base amount to live his life after being mature. There are multiple post office savings schemes launched by different state and central governments to do this. Let's explore the top six such savings schemes.

List of Best Post Office Saving Schemes
Post Office Recurring Deposit
Launching a post office recurring deposit account is a proven way to save money and build wealth for your children. As the name suggests, this is a systematic deposit scheme with a minimum deposit period of five years. In this scheme, you have to deposit some amount in the account every month, and you'll get up to 5.8% interest on the capital. You can choose to keep the money in the account and let it compound, so when you withdraw at the end, there's a solid amount that can be used in higher education or marriage or any other thing.
Post Office Monthly Income Scheme (POMIS)
Coming with a lock-in period of five years, Post office monthly income scheme is another excellent post office savings scheme for boy child. In this scheme, you can get assured interest returns of 7.6% per year, and you can deposit as much as Rs 4.5 lakhs. The scheme can be availed by opening a post office account in your nearby post office, and you can even transfer the account to other places when needed.
If you have a good amount that’s lying idle, you should definitely invest that in this scheme as it gives the highest returns.
Also Read: Why to invest in POMIS
Kisan Vikas Patra (KVP)
Kisan Vikas Patra matures at ten years and four months, and it is accompanied by a lock-in period of 30 months. You cannot withdraw the money during this time, but you can indeed deposit money in a lump sum way every year. If you belong to middle-class and lower-middle-class families who want to keep depositing money for their boy child without any upper limits, then this scheme is the best.
KVP offers 6.9% interest per annum which is better than bank FDs, and the returns are assured with principal protection too.
Ponmagan Podhuvaippu Nidhi Scheme
Introduced by the Tamil Nadu state government, the Ponmagan podhuvaippu Nidhi scheme is the best post office savings scheme for boy child. Under this scheme, parents can initiate an account for their child, and they can deposit as much as 12 times in a year. With a 9.7% annual interest rate, this is the best scheme for your boy child.
The savings account can be opened at any time before the child turns ten years old, but the scheme is limited to Tamil Nadu residents only. The interest rates can vary, but they will still hold pretty high-interest rates because of being backed by the state government.
Public Provident Fund (PPF)
A public provident fund is the most common savings plan. Money invested in the PPF account stays locked for 15 years, and for each year, you get a 7.1% interest rate. If you are looking at a long term time frame and you belong to the working class, you should definitely invest in this scheme.
Also Read: How to invest in PPF and Earn One Crore?
National Savings Certificate (NSC)
Coming with a maturity period of 5 years and an interest rate of 7.6% per annum, the National savings certificate is another top-class savings instrument. You can obtain the NSC from post offices or banks, and it can be used as collateral for loans too.
Also Read: What’s better NSC or Bank FD?
If you’ve come this far, your boy child’s future is always secure. Take the first step today, and save in the plan of your choice to make your child’s dream a reality and create a solid base for them too.
List of Best Post Office Saving Schemes
Post Office Recurring Deposit
Launching a post office recurring deposit account is a proven way to save money and build wealth for your children. As the name suggests, this is a systematic deposit scheme with a minimum deposit period of five years. In this scheme, you have to deposit some amount in the account every month, and you'll get up to 5.8% interest on the capital. You can choose to keep the money in the account and let it compound, so when you withdraw at the end, there's a solid amount that can be used in higher education or marriage or any other thing.
Post Office Monthly Income Scheme (POMIS)
Coming with a lock-in period of five years, Post office monthly income scheme is another excellent post office savings scheme for boy child. In this scheme, you can get assured interest returns of 7.6% per year, and you can deposit as much as Rs 4.5 lakhs. The scheme can be availed by opening a post office account in your nearby post office, and you can even transfer the account to other places when needed.
If you have a good amount that’s lying idle, you should definitely invest that in this scheme as it gives the highest returns.
Also Read: Why to invest in POMIS
Kisan Vikas Patra (KVP)
Kisan Vikas Patra matures at ten years and four months, and it is accompanied by a lock-in period of 30 months. You cannot withdraw the money during this time, but you can indeed deposit money in a lump sum way every year. If you belong to middle-class and lower-middle-class families who want to keep depositing money for their boy child without any upper limits, then this scheme is the best.
KVP offers 6.9% interest per annum which is better than bank FDs, and the returns are assured with principal protection too.
Ponmagan Podhuvaippu Nidhi Scheme
Introduced by the Tamil Nadu state government, the Ponmagan podhuvaippu Nidhi scheme is the best post office savings scheme for boy child. Under this scheme, parents can initiate an account for their child, and they can deposit as much as 12 times in a year. With a 9.7% annual interest rate, this is the best scheme for your boy child.
The savings account can be opened at any time before the child turns ten years old, but the scheme is limited to Tamil Nadu residents only. The interest rates can vary, but they will still hold pretty high-interest rates because of being backed by the state government.
Public Provident Fund (PPF)
A public provident fund is the most common savings plan. Money invested in the PPF account stays locked for 15 years, and for each year, you get a 7.1% interest rate. If you are looking at a long term time frame and you belong to the working class, you should definitely invest in this scheme.
Also Read: How to invest in PPF and Earn One Crore?
National Savings Certificate (NSC)
Coming with a maturity period of 5 years and an interest rate of 7.6% per annum, the National savings certificate is another top-class savings instrument. You can obtain the NSC from post offices or banks, and it can be used as collateral for loans too.
Also Read: What’s better NSC or Bank FD?
If you’ve come this far, your boy child’s future is always secure. Take the first step today, and save in the plan of your choice to make your child’s dream a reality and create a solid base for them too.