The savings scheme of the Post Office is a popular saving option. One reason for this is that the money invested in these small savings schemes is 100 percent safe and returns are also good. The depositor of the Post Office Small Savings Scheme has the right to claim the amount deposited with the nominee or legal heir in the event of any untoward incident. Claim can be deposited in the post office which has the account / s. In case of death of the account holder in the post office, the claim settlement can be dealt in three ways.
1. Upon prior nomination
If someone has already been made a nominee for the account or certificate for opening an account at the post office, then the account holder’s death certificate (death certificate) and nomination claim (nomination claim) along with the KYC documents to claim the amount deposited to the nominee. ) Form has to be submitted in the concerned post office.
2. Based on legal evidence
The legal heir of the deceased account holder can claim on the basis of legal evidence. These evidences include Probation of Will, Letter of Administration (Letter of Administration), Succession Certificate (Succession Certificate). To claim on the basis of legal evidence, the claimant has to submit the claim form, legal evidence and the death certificate of the account holder along with the KYC documents to the concerned post office.
3. If there is no nomination and legal evidence
If the account holder has not made a nominee for his post office account and the amount deposited is up to Rs. 5 lakh, then the claimant has to claim the account holder’s death certificate along with the claim form, letter of indemnity in form-15, oath in form-13 Letter (affidavit) and Form 14 of the letter of disclaimer of affidavit, KYC documents, witnesses, bail etc. have to be given. In case of deposits up to Rs 5 lakh without nomination, the claim can be made 6 months after the depositor’s death. If the amount deposited in the post office savings is more than Rs 5 lakh and there is no nomination, then the claim can be made only through the succession certificate. The limit of Rs 5 lakh will apply to each account / registration number in case of different certificates.
DakPay: What will benefit India Post Payments Bank customers from this app
Know this fact too
- If there is more than one nominee and one of them dies, then the claimant will also have to submit the death certificate of the other nominee.
- If all the nominees are dead, the claim will be settled in favor of the legal heir of the last nominee and not in favor of the legal heir of the deceased depositor.
- Along with all the forms and documents, the claimant will also have to carry the original passbook / certificate of the account / s. If the original passbook / certificate is lost, then after accepting the claim from the concerned authority, they will have to apply to issue the passbook / certificate in their name.
Various forms, letters and bonds related to claims in post office savings schemes can be found here ..
https://www.indiapost.gov.in/VAS/Pages/Form.aspx#SavingBank