PDF Death Claim Rules: A claim of up to Rs 1 lakh can be made without any succession certificate.
PDF Death Claim Rules: Public Provident Fund is a good investment option. A nomination facility is available in this. How can the nominee claim if the PPF account holder dies? Today we will tell you in this article. After the death of the account holder, the nominee can claim the amount by submitting a form available on the website of the bank or post office. An amount up to Rs 1 lakh can be claimed without any succession certificate.
Form is required
The money can be claimed by the nominee on the death of the PPF account holder. The loan amount to be repaid by the account holder will be deducted before the credit is transferred. Form G has to be filled out for the claim.
must provide this information
Form G can be downloaded from the website of the bank or post office. In this form, account number, nominee details, mobile number, etc. information has to be filled in.
How to get the PPF death claim form?
There are three situations where the claim is generated on the death of the account holder. Some necessary documents have to be submitted for claiming.
when enrollment
Form filled by the nominee
- Death Certificate
- Account holder's passbook
Nomination is not there and claims legal heir
Form filled by the legal heir
- death certificate
Attested copy of the succession certificate or will
Other important things about PPF
Interest is earned on the money deposited in the PPF account till the money is claimed.
- The PPF account does not continue after the death of the subscriber.
Interest is not earned on the amount deposited in the PPF account after the death of the subscriber.
Claims up to Rs 1 lakh can be made without a succession certificate.
