https://www.taxtmi.com/acts?id=7025 Nominee or, if none, the legal heir is entitled to fixed death payments based on certificate denomination where death occurs after two years from issue or earlier if due to non-natural causes, with a special-payment aggregate cap of Rs. 5,000; excess certificates and certificates tainted by fraudulent mis-statement yield only face value at maturity without interest except on lawful pledge forfeiture or court order, and the Central Government's decision is final on fraud; where death occurs before two years not by non-natural cause, the nominee/legal heir may encash at maturity for the fixed payment or earlier for face value plus prescribed interest (but no interest if encashed within one year). en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 22 Jan 2026 18:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7025 Nominee or, if none, the legal heir is entitled to fixed death payments based on certificate denomination where death occurs after two years from issue or earlier if due to non-natural causes, with a special-payment aggregate cap of Rs. 5,000; excess certificates and certificates tainted by fraudulent mis-statement yield only face value at maturity without interest except on lawful pledge forfeiture or court order, and the Central Government's decision is final on fraud; where death occurs before two years not by non-natural cause, the nominee/legal heir may encash at maturity for the fixed payment or earlier for face value plus prescribed interest (but no interest if encashed within one year). Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7025