PPF Death Claim Rules: Public Provident Fund is a good investment option. 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.
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 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.
How to get 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 claim legal heir
- Form filled by the legal heir
- Death certificate
- Attested copy of 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.
