Simplified procedure for settlement of deceased claim cases in respect of POSB/SC
All nomination cases will be settled at the post office level itself. There's no limit, the account standing office HPM/SPM can sanction the claim except in the case of discontinued accounts where concerned HPM is the Sanctioning Authority
No Nomination cases
Sanctioning powers are enhanced as follows
DPS - ₹5 lakh
DH - ₹2.5 lakh
HSG - ₹25000
LSG/TSPA - ₹10000
Same process to be followed for accounts and certificates.
Small variations only in case of pre-printed certificates.
Post a Comment