PSB Bank Death Claim Form Download

This document is the official Punjab & Sind Bank Claim Application-Cum-Declaration Form (Form No. 218) (2150_20231… p. 1). It is used by surviving legal heirs to claim funds or shares from the account of a deceased depositor who died without leaving a registered will (intestate) (2150_20231… pp. 1-2).

• Avoid Legal Representation: The primary purpose is to request settlement of the deceased’s deposits without forcing heirs to produce formal court probate or letters of administration (2150_20231… p. 1).
• Intestate Succession: Claims are processed strictly in accordance with the specific intestate succession laws governing the deceased’s religion or community (2150_20231… p. 1).
• Legal Attestation: The final declaration must be solemnly affirmed and signed in the presence of a Magistrate, Oath Commissioner, or Notary Public (2150_20231… pp. 5-6).

• Deceased & Event Details: Fields to provide the full name of the deceased, precise date of death, place of death, and required proof of death (e.g., Death Certificate) (2150_20231… p. 1).
• Claimant Profile: Records the claimant’s personal background, including father’s name, occupation, age, religion, and relation to the deceased (2150_20231… pp. 1, 3).
• Asset & Liability Tracking: Table to declare the nature of the deposit (e.g., Fixed Deposit), maturity dates, whether the money was self-acquired or ancestral, and any outstanding liabilities or loans the deceased owed to the bank (2150_20231… p. 2).
• Exhaustive Legal Heir Matrix: Detailed sections to map out surviving immediate family members, categorized systematically by gender (e.g., widow, children, mother, children of predeceased children) to identify valid heirs (2150_20231… pp. 3-4).
• Minor Protection Clause: Requires specific disclosure if any legal heir or beneficiary is a minor, including their age and details of any court-appointed legal guardian (2150_20231… p. 4).
• Surety & Indemnity Signatures: Space for two independent individuals to sign as financial sureties. If these guarantors hold accounts at Punjab & Sind Bank, their account details must be provided (2150_20231… pp. 5-6).

If you need more help with this process, please let me know if you would like me to:

• List the mandatory supporting documents required for a deceased claim
• Explain the difference between a nominee claim and a legal heir claim
• Provide guidance on how to process a claim if a minor is involved

Download PDF Click here

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