SB ORDER NO. 15/2011: Settlement of deceased claim case in respect of Sr. Citizen’s Savings Scheme account- a clarification regarding.

SB ORDER NO. 15/2011

No.79-01/2011-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110116.

Dated: 18.08.2011

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Settlement of deceased claim case in respect of Sr. Citizen’s Savings Scheme account- a clarification regarding.

Sir / Madam,

The undersigned is directed to say that a RTI query regarding settlement of deceased claim when deposit is payable to two or more nominees and either of them is dead was referred to Min. of Finance (DEA) for clarification as there is no such provision in SCSS Rules 2004.

2.             The Ministry of Finance (DEA) vide its O.M. No. 15/1/2009/NS-II dated 02.08.2011 has clarified that in such a case, the deposit shall be paid to the surviving nominee.

3.             It is requested that this may be circulated to all post offices for information and necessary guidance to deal with such claim cases.

4.             This issues with the approval of DDG(FS).

Yours faithfully,

(Kawal Jit Singh)

Assistant Director (SB)