National Savings Certificates: payment to heirs allowed without probate when no nomination exists and amounts fall within prescribed limits. If a Savings Certificate holder dies without an effective nomination and probate, letters of administration, or succession certificate are not produced ... Summary
National Savings Certificates: payment to heirs allowed without probate when no nomination exists and amounts fall within prescribed limits.
If a Savings Certificate holder dies without an effective nomination and probate, letters of administration, or succession certificate are not produced within three months, the specified postal authority may pay sums where the aggregate due does not exceed one lakh rupees to any person appearing entitled; a Table designates competent authorities and monetary limits for sanctioning such claims without production of testamentary or succession documents.
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