PPF Death Claim Form

After the death of the account holder the nominees can claim the PPF amount by submitting Form G available on the official websites of bank and post offices. Up to Rs.1 lakh can be claimed by the legal heir without any succession certificate.

Proceeds from a PPF account can be claimed by nominee(s) or legal heir(s) on death of the subscriber. Any loans or interests on loans to be repaid by the subscriber will be deducted before the credit is transferred to appropriate person(s). To claim PPF amount, Form G has to be filled up.

Form G is a must for any claimant, be it a nominee or a legal heir. The form can be downloaded online from bank or post office websites. It is a simple form that asks for information pertaining to the claim like account number, nominee details, place etc. There are 3 annexures to Form G namely Annexure I, Annexure II and Annexure III.

How to approach PPF death claim form (Form G)

There are 3 scenarios where a claim arises on death of a subscriber. The following needs to be submitted for filing death claims on PPF accounts:

When a nomination exists

  • Form G filled by all nominees
  • Death certificate of subscriber
  • Death certificate of any other nominee(s)
  • Passbook of the subscriber

When nomination does not exist and claim is backed by legal evidence

  • Form G filled by legal heir(s)
  • Death certificate of subscriber
  • Succession Certificate, Letter of Administration or attested copy of the will
  • Passbook of the subscriber

When nomination does not exist and the credit in the account is less than Rs.1 lakh

  • Form G filled by legal heir(s)
  • Death certificate of subscriber
  • Annexure I to Form G (Letter of Indemnity) on stamped paper
  • Annexure II to Form G (Affidavit) on stamped paper
  • Annexure III to Form G (Letter of Disclaimer on Affidavit) on stamped paper

Points to note

  • Amount in a PPF account will continue to earn interests as per the terms even after death of the subscriber until the amount is claimed.
  • A PPF account cannot be continued by anyone in case of death of the subscriber.
  • Excess amount deposited in a PPF account after death of the subscriber will not attract any interest and will be returned as it is to claimant(s).
  • Any pending credit availed by the subscriber such as loans will be deducted from the proceeds to be made to claimant(s).
  • Amounts till Rs.1 lakh can be claimed by legal heir(s) without production of succession certificate.
  • A legal heir can claim the proceeds of a PPF account even when a nomination has been made to someone else, by producing the succession certificate.
  • If a nominee chooses to forego the proceeds from an account, his/her share will be divided equally among other nominees.

How to get a succession certificate

A succession certificate is given by a civil court to legal heir(s) in case the deceased person hadn’t made a will. To get a succession certificate, you need to submit a petition to the civil court in whose jurisdiction the PPF account lies. You also need to submit the death certificate of the deceased. The court will issue a notification in newspapers for 45 days and if there are no contestants during that period, the succession certificate will be issued to relevant applicants.

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