Rule 20 - Payment to heirs - National Savings Certificates (IX-Issue) Rules, 2011

20. Payment to heirs, - (1) If a person dies and is at the time of his death the holder of a Savings Certificate and there is no nomination in force at the time of his death and probate of his will or letters of administration of his estate or a succession certificate granted under the Indian Succession Act, 1925 (39 of 1925) is not, within three months of the death of the holder produced to the authority specified in the Table to sub-rule (2), then if the sum due on the Savings Certificate does not exceed Rs, 20,000 (inclusive of the sum due on the Savings Certificates issued from time to time and held by the deceased), the authority specified in the Table to sub-rule (2) may pay the same to any person appearing to it to be entitled to receive the sum or to administer the estate of the deceased. (2) The authorities specified in the Table below shall be competent to sanction claims upto the limit noted against each on the death of the holder of the savings certificate without production of the probate of his will or letters of administration of his estate or succession certificate granted under the Indian Succession Act, 1925 (39 of 1925). TABLE Name of the authority Limit in (Rs) (1) (2) (i) Time Scale Departmental Sub-Postmasters 1,000 (ii) Sub-Postmaster in Lower Selection Grade 2,000 (iii) Sub-Postmasters/Deputy Postmasters/Postmaster in Higher Selection Grade (All Non Gazetted) 5,000 (iv) Deputy Postmasters/Senior Postmasters/Deputy Chief Postmasters/Superintendent of Post Offices/Deputy Superintendent of Post Offices (All Gazetted Group-B) 20,000 (v) Chief Postmaster in Head Offices, Senior Superintendents of Post Offices (All Gazetted Group-A) 50,000 (vi) Regional Directors/Director (General Post Offices)(in Mumbai and Kolkata) 75,000 (vii) Chief Postmasters General/Postmasters General (Headquarter and Region) 1,00,000