What happens to NSC in case of death?

If an NSC holder dies and there is no nomination in force at the time of his death, the claim from the legal heir/s settled on the basis of probate of his will or letters of administration of his estate or a succession certificate granted under the Indian Succession Act, 1925.

How do I claim a nominee from the post office?

Nominee to submit duly completed Claim Form, Discharge Receipt, death certificate along with photocopy of the cancelled cheque of the nominee’s bank account(if available) or the Post Office Savings Account through which he / she was covered under PMJJBY.

Can NSC be transferred?

An NSC can be transferred only once during its entire period as per the existing NSC transfer regulations. It is only after the completion of at least one year from the date of issuance that NSC can be transferred from one person to another. The NSC VIII Issue has a maturity period of five years.

How do I encash NSC after death?

Nomination FAQs

1. Copy of Death certificate of the original investor issued by municipal authorities / government department.
2. Proof of Address & Photo ID of the Legal heirs/ Survivor / Nominee (as the case may be),
3. Three specimen signature attested by the Govt.

How nominee can claim money from bank after death?

A claimant must submit a handwritten application informing about the death. Before filing a death claim, the nominee must be registered in the records of SBI. In case of an SBI joint account, the amount is paid to the surviving members.

Who can be a nominee?

A Nominee is a person whom you can list in your investment or bank application as the person who can receive the proceeds of your account in case of your unexpected death. The nominee can be anyone you deem to be your first relative – your parents, spouse, kids, siblings etc.

How do I claim NSC after death?

The nominee/s will be required to make an application to the post office along with the death certificate of the depositor in original, concerned passbooks and/or certificates and KYC documents i.e. ID proof, address proof and photograph.