https://www.taxtmi.com/acts?id=8407 Payment on death assigns the deposit to the nominee or to legal heir(s). Up to three surviving nominees or heirs may elect to continue the account and receive the deposit with interest on maturity as if they had opened it. If not continued, the account is closed and the deposit plus interest is repaid in accordance with the scheme's maturity provision. On the death of one or two joint account holders, surviving holder(s) are treated as owner(s) and may continue or close the account under these rules. en-us Mon, 18 Feb 2008 13:01:43 +0530 Fri, 02 Jan 2026 11:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8407 Payment on death assigns the deposit to the nominee or to legal heir(s). Up to three surviving nominees or heirs may elect to continue the account and receive the deposit with interest on maturity as if they had opened it. If not continued, the account is closed and the deposit plus interest is repaid in accordance with the scheme's maturity provision. On the death of one or two joint account holders, surviving holder(s) are treated as owner(s) and may continue or close the account under these rules. Act-Rules Direct Taxes Mon, 18 Feb 2008 13:01:43 +0530 https://www.taxtmi.com/acts?id=8407