Post Office account holders: Along with the death certificate, the nominee’s Aadhaar, PAN, address proof and recent photograph have to be submitted.
Post Office account holders: Crores of people in the country have accounts in the post office. Through these accounts, people invest in different saving schemes of the post office. In many schemes of the post office, higher interest is available as compared to 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In such a situation, if a post office account holder dies suddenly, then how can the money deposited in the account be withdrawn.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, one needs to submit the claim form, original or attested copy of death certificate, and legal proofs, probate of will, succession certificate,
KYC of the claimant(s) and claim form. 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 make a claim without a nominee, submit the claim form and 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.
