Para 12 - Nomination and repayment after death of subscriber - Public Provident Fund Scheme, 1968

Nomination and repayment after death of subscriber. 12. (1) A subscriber to the Fund may nominate in Form E, or as near thereto as possible, one or more persons to receive the amount standing to his credit in the event of his death before the amount has become payable or, having become payable, has not been paid. Note: [ *** ] (2) No nomination shall be made in respect of an account opened on behalf of a minor [***]. (3) A nomination made by a subscriber may be cancelled or varied by a fresh nomination in Form F, or as near thereto as possible, by giving notice in writing to the accounts office in which the account stands. (4) Every nomination and every cancellation or variation thereof shall be registered in the accounts office and shall be effective from the date of such registration, the particulars of which shall be entered in the pass-book. (5) If any nominee is a minor, the subscriber may appoint any person to receive the amount due under the account in the event of the death of the subscriber during the minority of the nominee. (6) Notwithstanding the provisions contained in paragraph 9,— (i) if, a subscriber to an account in respect of which a nomination is in force dies, the nominee or nominees may make an application in Form G, or as near thereto as possible, to the accounts office together with proof of death of the subscriber and on receipt of such application all amounts standing to the credit of the subscriber after making adjustments, if any, in respect of interest on loans taken by the subscriber, shall be repaid by the accounts office itself to the nominee or nominees: Provided that if any nominee is dead the surviving nominee or nominees shall, in addition to the proof of death of the subscriber, also furnish proof of death of the deceased nominee; (ii) where there is no nomination in force at the time of death of the subscriber, the amount standing to the credit of the deceased after making adjustment, if any, in respect of interest on loans taken by the subscriber, shall be repaid by the accounts office only to the legal heirs of the deceased on receipt of an application in Form G in this behalf from them: Provided that the balance up to Rs. 1 lakh may be paid to the legal heirs on production of (i) a letter of indemnity; (ii) an affidavit; (iii) a letter of disclaimer on affidavit; and (iv) a certificate of death of subscriber, on stamped papers, in the forms as in Annexure to Form G. [ (7) A subscriber to the Fund cannot nominate a trust as his nominee. ]