Nomination in Public Provident Fund enables repayment to nominated beneficiaries on subscriber's death subject to registration and proof requirements. A subscriber to the Public Provident Fund may nominate one or more persons to receive the account balance on the subscriber's death; nominations must be in prescribed form, cannot be made for accounts opened for minors, may be varied or cancelled, and must be registered at the accounts office. On death, nominees with proof of the subscriber's death may apply for repayment and the accounts office shall repay after adjusting for loan interest; if no nomination exists repayment is to legal heirs who may, for balances up to a specified threshold, obtain payment on providing indemnity, affidavit, disclaimer and death certificate forms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Nomination in Public Provident Fund enables repayment to nominated beneficiaries on subscriber's death subject to registration and proof requirements.
A subscriber to the Public Provident Fund may nominate one or more persons to receive the account balance on the subscriber's death; nominations must be in prescribed form, cannot be made for accounts opened for minors, may be varied or cancelled, and must be registered at the accounts office. On death, nominees with proof of the subscriber's death may apply for repayment and the accounts office shall repay after adjusting for loan interest; if no nomination exists repayment is to legal heirs who may, for balances up to a specified threshold, obtain payment on providing indemnity, affidavit, disclaimer and death certificate forms.
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