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of <h1>Finance Bill 2015: Claiming Unclaimed Funds Transferred to Senior Citizens' Welfare Fund Under Section 149 Explained</h1> Clause 147 of the Finance Bill, 2015, addresses the process for claiming unclaimed amounts transferred to the Senior Citizens' Welfare Fund. Individuals believing they are entitled to such amounts must apply to the original institution holding the funds before their rights are extinguished under section 149. Applicants bear the responsibility of proving their entitlement. The institution must process and pay eligible claims, including interest, within sixty days of receiving the application. Payment discharges the institution from further liability regarding the transferred amount. The Central Government will determine and notify any interest payable on these funds.
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