Download Form III Nomination- Pradhan Mantri Garib Kalyan Deposit Scheme 2016

By | December 16, 2016
(Last Updated On: January 30, 2017)

Form III Nomination- Pradhan Mantri Garib Kalyan Deposit Scheme

Pradhan Mantri Garib Kalyan Deposit Scheme  2016 shall come into force from the 17th day of December, 2016 and shall be valid till 31st day of March, 2017.This Scheme shall be applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.  An application for the deposit under this Scheme shall be made in Form II clearly indicating the amount, full name, Permanent Account Number , Bank Account details (for receiving redemption proceeds), and address of the declarant: However  if the declarant does not hold a PAN, he shall apply for a PAN and provide the details of such PAN application along with acknowledgement number. The application   shall be accompanied by an amount which shall not be less than twenty-five per cent. of the undisclosed income.

A sole holder or a sole surviving holder of a Bonds Ledger Account, being an individual, may nominate in Form III (see Format Below), one or more persons who shall be entitled to the Bonds Ledger Account and the payment thereon in the event of his death.  Where any amount is payable to two or more nominees and either or any of them dies before such payment becomes due, the title to the Bonds Ledger Account shall vest in the surviving nominee or nominees and the amount being due thereon shall be paid accordingly. In the event of the nominee or nominees predeceasing the holder, the holder may make a fresh nomination. Every nomination and every cancellation or variation shall be registered at the Re ser ve Ba n k of Indi athr ou gh the aut h or ised ban k and shall be effective from the date of such registration. If the nominee is a minor, the holder of Bonds Ledger Account may appoint any person to receive the Bonds Ledger Account or the amount due in the event of his death. A nomination made by a holder of Bonds Ledger Account may be varied by a fresh nomination, or may becancelled by giving notice in writing to the Authorised Bank in Form IV.


 

Form III

[See paragraph 8(1)]

NOMINATION

I …………………………………………………………… (Name and address), the holder of Bonds Ledger

Account No ……………… for the deposit under Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, hereby nominate the following person who shall on my death have the right to the Bonds Ledger Account ( n u m b e r ) and receive payment of the amount for the time being due on the Bonds Ledger Account specified  below:

PARTICULARS OF THE NOMINEE:

Date

 

of

 

issue

Amount

 

Rs.

Date of

 

repayment

Full name with

expanded

initials and

address of

nominee

Date

of birth in

case of

minor

Relation-

ship with the

holder of Bonds

Ledger Account

Particulars

of bank

account

       
       

 

To be filled in case if nominee is minor: As ………………………………………. , the sole nominee above is a minor on this date, I appoint Shri/Smt./Kum……………………… …………………… to receive the amount for the time being due to the above Bonds Ledger Account in the event of my death during the minority of the said nominee ………………………………………………

If the nomination is in substitution of the one already made: This nomination is in substitution of the nomination dated ………………… made by me/us and registered on your books at ……………………….. which shall stand cancelled on registration of this nomination.

 

(Signature of the Bonds Ledger Account Holder)

Place:

Date:

Signature with name and address of witnesses:

1…………………………………………………………………………………………

2…………………………………………………………………………………………


Acknowledgment

We acknowledge having registered the nomination in favour of ……………………… (Name of nominees) for the Bonds Ledger Account No. …………………… for the loan ……………………… and the nomination registration no. is ………………… Please quote the above nomination registration no. in all communication pertaining to change or cancellation of nomination.

Date: ………………….                                                                            Authorised Official ……………………..


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