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PPF for Senior Citizen Savings Scheme Rules Revised

A bank staff member counts Indian 500 rupee notes to give to customers on November 24, 2016, in the wake of the demonetisation of old 500 and 1000 rupee notes in Mumbai. The US dollar hit a record high against the Indian rupee November 24 as the greenback surges on expectations of a rate hike next month following Donald Trump's shock presidential election victory. The US currency bought 68.8625 rupees during early afternoon forex trading, surpassing the previous high of 68.8450 recorded in August 2013. / AFP PHOTO / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

The Department of Posts has revised rules of various authorities to sanction deceased claim cases in respect of Post Office Savings Schemes, including Public Provident Fund (PPF) and Senior Citizen Savings Scheme, on the death of the account holder when there is no nomination or legal evidence available or produced.
Time Scale Departmental Sub-Postmasters Rs 5,000.  Sub Postmasters in Lower Selection Grade/PM Grade-1 Rs 10,000. Sub-Postmasters/Deputy Postmaster/Postmasters in higher selection Grade ( all Non-Gazetted)/PM Grade-II and III Rs 25,000. Deputy Postmasters/Senior Postmasters/Deputy Chief Postmasters/Superintendent of Post Offices/Deputy Superintendent of Post Offices (All Gazetted Group-B) Rs 1,00,000. Chief Postmasters in GPO/Head Offices, Senior Superintendents of Post Offices ( All Gazetted Group-A) Rs 2,50,000. Director, Head Quater/Regional Directors/Director (GPO) Rs 3,75,000. Chief Postmasters General/Postmasters General Rs 5,00,000
The revised rules will also be applicable on PPF (Public Provident Fund) and Senior Citizen Savings Scheme(SCSS) where no nomination is registered and no legal evidence is available or produced, said by the Department of Post.
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