Post Office Money Withdrawal: How to withdraw money in case of death of Post Office account holder, know the complete process here
Aadhaar, PAN, address proof and recent photograph of the nominee have to be submitted along with the death certificate.
Post Office Money Withdrawal: Crores of people of the country have accounts in the post office. Through these accounts, people invest in different savings schemes of the post office. In many schemes of the post office, more interest is given than banks. On the other hand, people of rural areas invest more in the post office because they get convenience. There are very few bank branches in villages but post offices are available. In such a situation, if the post office account holder dies suddenly, then how can the money deposited in the account be withdrawn. Here we are telling you the complete process of nominee and without nominee. Let us know how you can withdraw money.
Claim Process
When an account holder or post office certificate holder dies, his deposited money can be claimed by his nominee, legal heir or other entitled person. The process depends on whether a nominee has been made or not.
Three ways to claim
Nominee: The simplest and easiest way is nominee. If someone has been made a nominee, he can easily claim the money.
Legal proof: You can claim even if you have a will, succession certificate.
Without nominee (up to Rs 5 lakh): In cases without a nominee, affidavit and indemnity documents are required after a waiting period of six months. Succession certificate is mandatory for settlement of claim without a nominee.
What is the claim process?
Nominee can claim from the post office website (eg, Form SB-84 for post office savings schemes).
Aadhaar, PAN, address proof and recent photograph of the nominee have to be submitted along with the death certificate.
Claim through legal proof?
If the deceased has left a will, then claim can be made on the basis of these. To make a claim, claim form, original or attested copy of death certificate, and legal proof, probate of will, succession certificate,
KYC and claim form of the claimant(s) needs to be submitted. Once verified, the legal heirs will get the funds as per the legal documents submitted.
How to claim without nominee (up to Rs 5 lakh)?
To claim without nominee, submit the claim form and the original or attested copy of death certificate, KYC documents of the claimant along with the required documents at the post office after a waiting period of six months from the date of death of the depositor. Once verified, the claim is processed.
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