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The Pension Fund Regulatory and Development Authority removes the requirement for the spouse or nominee to submit the original death certificate of the subscriber for Atal Pension Yojana death claims. The concerned bank branch or Department of Posts verifies a copy of the death certificate as a true copy to process the claims. This change reduces processing time and increases operational efficiency for all stakeholders.
What you must do
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Ask about this circular
пенशन निधि विनियामक और विकास प्राधिकरण बी-14/ए, छत्रपति शिवाजी भवन, कुतुब संस्थागत क्षेत्र, कटवारिया सराय, नई दिल्ली-110016. दूरभाष : 011-26517501 फैक्स : 011-26517507 वेबसाइट : www.pfrda.org.in
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016. Ph : 011-26517501 Fax : 011-26517507 Website : www.pfrda.org.in
CIRCULAR
Ref. No.: PFRDA/2017/22/ APY/2
25th August, 2017
To All Banks/DoPs/ APY SPs/ All Stakeholders
Sir/Madam,
Subject: Simplification of Withdrawal Process under APY- Death Cases
It has been decided by PFRDA that the requirement of submission of original death certificate by spouse or the nominee in case of death claim by subscribers of APY need not be insisted upon. However a copy of death certificate duly verified by the concerned bank branch/DoP as a true copy is suffice to process the claims.
The above simplification will help to reduce the processing time for settlement of death cases and increase the efficiency of operation to the satisfaction of all associated stakeholders.
Yours Sincerely,
[Image omitted. See the official document.]
(K Mohan Gandhi) Deputy General Manager
пенशन निधि विनियामक और विकास प्राधिकरण बी-14/ए, छत्रपति शिवाजी भवन, कुतुब संस्थागत क्षेत्र, कटवारिया सराय, नई दिल्ली-110016. दूरभाष : 011-26517501 फैक्स : 011-26517507 वेबसाइट : www.pfrda.org.in
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016. Ph : 011-26517501 Fax : 011-26517507 Website : www.pfrda.org.in
CIRCULAR
File Ref. No.: PFRDA/4/62
October 18th, 2016
To all Banks/DoP
Settlement of Death Cases before the age of 60 years under APY
As per APY scheme details if the subscriber dies before the age of 60 years, his / her spouse would be given an option to continue contributing to APY account of the subscriber, which can be maintained in the spouse's name, for the remaining vesting period, till the original subscriber would have attained the age of 60 years. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse.
In case the spouse wishes to exit from the scheme and close the account, the corpus will be settled in the name of the spouse. If spouse is not present then the corpus will be settled in the name of the nominee.
The application form for closure of the account in case of death of the subscriber before the age of 60 years is attached herewith.
Yours Sincerely
[Image omitted. See the official document.]
Ananta Gopal Das Chief General Manager
ATAL PENSION YOJANA (APY) - ACCOUNT CLOSURE FORM (w.e.f. 25.08.2017) (Death Case)
To,
The Branch Manager,
Branch
Branch
Dear Sir/Madam,
I/We __________________________________________________________________ being a spouse/nominee(s) of the deceased subscriber hereby request that account opened under Atal Pension Yojana of Shri / Smt. __________________________________________________________________
The PRAN details are as follows:
c) PRAN
d) Name of deceased Subscriber
e) Name of the Spouse
f) Name of the Spouse Bank
g) Spouse Saving Account Number
h) IFS Code
i) Name of the Nominee (if no spouse)
j) Name of the Nominee Bank
k) Nominee Saving Account Number:
l) Nominee IFS Code
Date :
Place:
Signature / Thumb Impression of the Nominee (*LTI in case of male and RTI in case of female)
ACKNOWLEDGEMENT - ACCOUNT CLOSURE FOR ATAL PENSION YOJANA (APY)
Name of the Spouse __________________________________________________ Name of the Nominee __________________________________________________ PRAN __________________________________________________ Corpus (pension wealth) would be credited in the saving Bank account No.: __________________________________________________
Name of the Bank: Bank Branch: Receiving Officers Name: Date of Receipt
Stamp and Signature of the Bank
List of documetns to be obtained from the spouse or the nominee.
Note: As per APY Scheme, in case of death of the subscriber before 60 years, the corpus will be settled in the name of the spouse who is the default nominee. In other cases, it will be settled in the name of the nominee.
