The number of customers investing through the Indian Post Office is increasing every year. This is mainly due to new savings schemes and attractive offers. Many people are now choosing to invest in the Post Office instead of government or private banks. But what happens if an account holder or investor in the Post Office suddenly passes away? How can the money in their account be withdrawn? This is a common question.
Let us tell you—there are two main ways to withdraw the money saved by a deceased person in the Post Office. One method is through a nominee, and the other follows a different legal process. What are these methods? Let’s understand the full details.
How to Claim Money from a Deceased Person’s Post Office Account?
If a person who had deposited money in the Indian Post Office passes away, the money can be claimed by the person nominated by them. If there is no nominee, there are also legal ways to claim the money. Here’s the full process.
1. Claim by Nominee
If the deceased person had mentioned a nominee while opening the account, that nominee can easily claim the money. The nominee must visit the post office and submit a claim.
2. Claim with Legal Documents
f there is no nominee, the money can still be claimed through legal documents such as:
- A will
- An inheritance certificate
In this case, the legal heir of the deceased must provide proof and documents to show they are eligible to claim the money. An affidavit and other documents related to compensation may also be required.
3. Documents Required to Make a Claim
To make a claim, the following documents must be submitted:
- Filled SB-84 form (for Sanjay scheme or other Post Office schemes)
- Death certificate of the account holder
- Aadhaar card, PAN card, and address proof of the nominee
- A recent photograph of the nominee
These documents help prove that the person claiming is the rightful heir.
4. How to Claim Through a Will or Inheritance Certificate
If the nominee is claiming money using legal proof like a will, the following documents are needed:
Claim form
- Death certificate (original or photocopy)
- Proof of the will or inheritance certificate
- Legal documents of identity (KYC)
After checking all the papers, the Post Office will transfer the money to the legal heir.
5. If There is No Nominee
If there is no nominee mentioned, close relatives or children of the deceased can still claim the money. In this case:
- They must wait 6 months after the person’s death
- Submit the death certificate, inheritance certificate, KYC, and other required documents
- The Post Office will verify all papers
- As per rules, if there is no nominee, a legal heir can claim up to ₹5 lakh.
Also Read
Post Office Schemes Offering Higher Returns Than FDs for Senior Citizens, Earn ₹2.50 Lakh Yearly
Post Office RD Scheme: Calculate Your Returns on Rs 2000, Rs 3000, and Rs 5000 Monthly Investment
Post Office MIS Scheme: Invest ₹15 Lakh for ₹9,250 Monthly Income, Here’s How to Get Started
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