Test

Claim In case of death of minor / person of unsound mind account holder - Clarification

(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 CBA Manual Page No 293    ( Rule Mo 172, 9(i)(b) )


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