To Be Filled by Customer in CASE of NOMINATION in SCSS Form
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People also ask
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What is Rule 6 of the SCSS?
6. Nomination:- (1) The depositor may at the time of opening of the account under these rules, nominate a person or persons who, in the event of death of the depositor, shall be entitled to payment due on the account. -
What is Rule 6 of the SCSS?
6. Nomination:- (1) The depositor may at the time of opening of the account under these rules, nominate a person or persons who, in the event of death of the depositor, shall be entitled to payment due on the account. -
Is nominee mandatory in SCSS?
Whether only one person or number of persons can be nominated in the accounts opened under the Scheme? A. The depositor may, at the time of opening of the account, nominate a person or persons who, in the event of death of the depositor, will be entitled to payment due on the account. -
Can spouse continue SCSS after death?
SCSS interest does not cease when the account holder dies, but is paid at the rate applicable to post office savings accounts. -
What happens to SCSS if person dies?
(3) In case of death of a depositor before maturity, the account shall be closed and deposit refunded on an application in Form 'F' alongwith interest applicable to the scheme till the date of death on which the depositor expired, to the nominee or legal heir in case the nominee has also expired or nomination as ... -
What is Form B in SCSS?
APPLICATION FOR EXTENSION OF AN ACCOUNT UNDER SENIOR CITIZENS SAVINGS SCHEME, 2004. To, The Chief / Branch Manager. -
What are the disadvantages of senior citizen savings scheme?
Disadvantages of Senior Citizen Savings Scheme (SCSS) One of the biggest drawbacks of SCSS is that the interest earned is subjected to TDS. ... There is an upper limit to investment, that is, Rs 15 lakhs. ... The subscribers receive interest on the first working day of every financial quarter. -
What are the disadvantages of senior citizen savings scheme?
Disadvantages of Senior Citizen Savings Scheme (SCSS) One of the biggest drawbacks of SCSS is that the interest earned is subjected to TDS. ... There is an upper limit to investment, that is, Rs 15 lakhs. ... The subscribers receive interest on the first working day of every financial quarter.
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