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Get To Be Filled By Customer:- In Case Of Nomination In Scss ...

ANNEXUREI Additional FORM to be taken for opening for Sr.Citizen Savings Scheme (SCSS)/PPF Account (to be attached with AOF) To be filled by Post Office:CIF ID No.(in case of CBS Post Office) Account.

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(4) Where there is no nomination in force at the time of death of the depositor, the amount standing to the credit of the deceased depositor shall be paid by the deposit office to the legal heirs of the deceased depositor on receipt of an application in FORM-F along with a certificate of death of the depositor and a ...

Further, in cases where the SCSS account holder/s passes away and the account is being closed on request of the nominee/legal heir, the rate of interest as applicable on SCSS scheme shall be paid till the date of demise the account holder.

(6) Interest shall be rounded off to the nearest multiple of rupee one and for this purpose any amount of fifty paisa or more shall be treated as rupee one and any amount less than fifty paisa shall be ignored.

ing to the SCSS rules, an account can be closed before the 5-year maturity period, but premature closure will incur a penalty. The account can be closed before the 5-year maturity period, but the penalties must be paid, said Archit Gupta of Clear.

The procedure to fill the SCSS application form in case you wish to open an account at the post office is mentioned below: Enter the branch name. In case you have a savings account at the post office, the account number must be entered. Enter the post office address. The name of the account holder must be entered.

In the unfortunate event of the death of the SCSS account holder, no penalty will be applied to the account. However, the rules state that the SCSS account must be closed. The deposited amount, along with applicable interest, will be paid to the nominee or the legal heir.

Whether only one person or number of persons can be nominated in the accounts opened under the Scheme? A. The depositor may, at the time of opening of the account, nominate a person or persons who, in the event of death of the depositor, will be entitled to payment due on the account. Q.

He/she must be of or above 60 years of age. He/she must be above the age of 55 years but less than 60 years who has retired under superannuation or applicable VRS rules. Ex defence personnel can also open an account, per SCSS scheme rules.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232