(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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