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of <h1>Amendments to Finance Bill 2023: Changes to Section 4A for Heir Claims and New Savings Schemes Added.</h1> The amendments to the Government Savings Promotion Act, 1873, proposed in the Finance Bill, 2023, include changes to section 4A, allowing the payment of an eligible balance to a legal heir if a depositor dies without a nomination and no probate or legal certificates are produced within six months. The amendment simplifies the process for claims where no nomination exists. Section 15 is amended to align with these changes. The Schedule is updated to include new savings schemes such as the Public Provident Fund Scheme and PM CARES for Children Scheme, reflecting updates post-December 2019.
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