Refer to death claim procedure
- RD Claim Closure – the following points to be noted during claim process. (Recently RD claim closure in Finacle given wrong interest & short payment in some cases)
- Upto 11 Installments - Deposit amount only paid / No Interest.
- Exceeding 12 installments and less than 5 year – please refer Gazette notification released during time to time interest changed ( as per Date of Opening )
- Completion of 5 years – Treated as like normal maturity & Proportionate amount of maturity value should be given to claimant and PMI also eligible if any.
- Nominee or legal heir can continue till maturity or transfer of account in his/her name by submitting claim application and continue till maturity.
- Deposit after the date of Death - Treated as Excess Deposit ( No interest )
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