Reaching the unreachable area of rules – By Com M.Ezhilarasan, Tirupur
SSA claim closure procedure is different from other schemes.
SSA claim closure procedure is different from other schemes.
1. Claim closure application
All Schemes Other than SSA : No separate account closure form is required, claim form (form11) will be treated as account closure voucher.
For SSA claim closure: In the event of death of the account holder, the account shall be closed immediately on application in Account Closure Form SB-7B
2. In case of the death of a minor:
All Schemes Other than SSA
If there is no nomination in force : Amount shall be paid to the Guardian after obtaining death certificate of Minor
If the nomination is in force: Amount shall be paid to the nominee after obtaining death certificate of
Minor
For SSA account
Amount shall be paid to the Guardian after obtaining death certificate of Minor and Account Closure Form. For both nomination registered or no nomination category
Refer: POSB (CBS) manual 2021 corrected upto 31.12.2021 Rule no 172 point 9 (i.b), rule no 2 point x and rule no 129 point 1
For SSA account
Amount shall be paid to the Guardian after obtaining death certificate of Minor and Account Closure Form. For both nomination registered or no nomination category
Refer: POSB (CBS) manual 2021 corrected upto 31.12.2021 Rule no 172 point 9 (i.b), rule no 2 point x and rule no 129 point 1
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