Dealt of death cases of SSA and all other schemes in case of no nominee in force
(i)(b).In case of death of minor / person of unsound mind account holder, the payment shall be made as follows.
|
Sl No. |
Scheme |
If there is no nomination in force |
If the nomination is in force |
|
1 |
SSA |
Amount shall be paid to the Guardian after obtaining death certificate of Minor and Account Closure Form |
|
|
2 |
All Schemes Other than SSA |
Amount shall be paid to the Guardian after obtaining death certificate of Minor / Person of Unsound Mind and Account Closure Form |
Amount shall be paid to the Nominee following the procedure for deceased claim settlement
|
Source : POSB CBS Manual Page No 293 ( Rule Mo 172, 9(i)(b) )