Payment of the amount of National Small Savings Schemes accounts/certificates all schemes in the name of deceased depositor: SB Order 31/2020
SB Order No. 31/2020
e.F.No.113-02/2019-SB
Government of India
Ministry of Communications
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001
Date: 28.08.2020
To,
All Heads of Circles/Regions
Subject:- Amendments to Rule 60 of POSB (CBS) Manual and Rule 87 of POSB Manual Volume I and deletion of Rule 165 of POSB(CBS) Manual and Rule 50 of POSB Manual Volume II regarding payment of the amount of National (Small) Savings Schemes accounts/certificates (all schemes) in the name of deceased depositor.
Sir / Madam,
To streamline the process for settlement of deceased claim cases in respect of National (Small) Savings Schemes and settlement of deceased claim quickly and smoothly, the competent authority has accordingly decided to amend the text of the aforesaid rules with immediate effect. 2. The process for settlement of deceased claim case in respect of accounts and certificates has combined in Rule 60 of POSB (CBS) Manual and Rule 87 of POSB Manual Volume I, as such Rule 165 of POSB (CBS) Manual and Rule 50 of POSB Manual Volume II is deleted to avoid duplicacy. 3. The revised text for Rule 60 of POSB (CBS) Manual and Rule 87 of POSB Manual Volume I is enclosed for information, guidance and further necessary action. 4. It is requested that this SB order may be circulated to all concerned including CBS/non-CBS Post Offices. In case where claims are not yet submitted or claims are already submitted but not yet sanctioned, these revised provisions should be made applicable. This issues with the approval of competent authority.
Enclosed: – As above.
Yours faithfully, ( Devendra )
Assistant Director (SB)
Source: DoP
COMMENTS