(i)(b). In case of death of minor / person of unsound mind account holder, the payment shall
be made as follows.
Sl No. | Scheme | If there is no nomination in force | If the nomination is in force |
1 | SSA | Amount shall be paid to the Guardian after obtaining death certificate of Minor and Account Closure Form | |
2 | All Schemes Other than SSA | Amount shall be paid to the Guardian after obtaining death certificate of Minor / Person of Unsound Mind and Account Closure Form | Amount shall be paid to the Nominee following the procedure for deceased claim settlement
|
Source : POSB CBA Manual Page No 293 ( Rule Mo 172, 9(i)(b) )