Interest on deceased depositor accounts: accounts closed and refunded to nominee with scheme and savings account interest. Where a depositor dies before maturity the account must be closed and the deposit refunded on application in Form 'F' to the nominee or, if the nominee has also expired or no nomination was made, to the legal heirs; interest is payable at the scheme rate up to the date of death, and for the period from the day after death until refund simple interest is payable at the savings account rate provided in Rule 6 of the Post Office Savings Accounts Rules, 1981.
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Provisions expressly mentioned in the judgment/order text.
Interest on deceased depositor accounts: accounts closed and refunded to nominee with scheme and savings account interest.
Where a depositor dies before maturity the account must be closed and the deposit refunded on application in Form 'F' to the nominee or, if the nominee has also expired or no nomination was made, to the legal heirs; interest is payable at the scheme rate up to the date of death, and for the period from the day after death until refund simple interest is payable at the savings account rate provided in Rule 6 of the Post Office Savings Accounts Rules, 1981.
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