Canara Bank Application form for withdrawal by nominee/legal heirs under PPF Scheme
Canara Bank Application form for withdrawal by nominee/legal heirs under PPF Scheme from Download
Based on the provided document, here are the key points of Canara Bank PPF Form G (NF 156), which is used by nominees or legal heirs to claim and withdraw the entire balance of a deceased PPF account holder (NF 156 – A… p. 1):
Core Form Purpose
- Deceased Claim Disbursal: Enables authorized nominees or legal heirs to withdraw the full outstanding credit balance of a deceased subscriber (NF 156 – A… p. 1).
- Bilingual Framework: Features side-by-side informational text fields in Assamese and English (NF 156 – A… p. 1).
Mandatory Enclosures & Proofs
Claimants must submit a comprehensive legal package containing (NF 156 – A… p. 1):
- Death Certificates: Formal certificate confirming the death of the primary subscriber (NF 156 – A… p. 1). If applicable, a death certificate for any co-nominees who passed away (NF 156 – A… p. 1).
- Account Records: The original physical PPF Passbook of the deceased subscriber (NF 156 – A… p. 1).
- Estate & Succession Proofs: Certified copy of the probated Will, Succession Certificates, or Letters of Administration issued by a High Court (NF 156 – A… p. 1). (Note: These court documents can be waived if there is a valid nomination on file (NF 156 – A… p. 2)).
Structural Annexures (Required for Legal Heirs)
When a valid nomination is absent for claims up to ₹1 Lakh, legal heirs must execute three standardized legal instruments (NF 156 – A… p. 2):
- Annexure I (Letter of Indemnity): Jointly signed by the heirs and independent sureties to legally protect the bank against any future conflicting claims or losses (NF 156 – A… p. 3).
- Annexure II (Affidavit): A solemnly verified declaration confirming that the deponents are the sole living legal heirs and that the deceased died intestate (without leaving a Will) (NF 156 – A… pp. 4-5).
- Annexure III (Letter of Disclaimer on Affidavit): Executed when certain legal heirs voluntarily relinquish their claims to the funds, granting full consent for the bank to pay the balance to a specific parent or family member without objection (NF 156 – A… pp. 6-7).
Execution & Payout Settlements
- Claimant Verification: Demands the physical signatures or thumb impressions of all claiming parties to initialize processing (NF 156 – A… p. 1).
- Official Sanction: The bank’s Accounts Officer audits the file and signs off to authorize the exact final payout amount (NF 156 – A… p. 2).
- Stamped Receipt: To finalize the transaction, claimants must sign a formal receipt over a legal stamp, acknowledging the receipt of the funds in complete and full settlement of their claim (NF 156 – A… p. 2).
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