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TMI BlogPayment in the event of death of the holder during maturity periodX X X X Extracts X X X X X X X X Extracts X X X X ..... time after the expiry of two years from the date of issue of the certificate and before the expiry of its maturity period, or (b) due to one or more non-natural causes at any time before the expiry of two years from the date of issue of the certificate, the nominee, or, if there is no surviving nominee, the legal heir of the holder, as the case may be, shall be entitled to receive, in respec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) shall be restricted to the certificates held by a deceased holder up to a maximum limit of aggregate face value of Rs. 5,000 and in respect of any certificate held in excess of such limit by the deceased holder and not matured as on the date of his death, the face value of such certificate shall be payable only on the expiry of its maturity period without any interest to the nominee or legal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iately without any interest if the certificate is presented for encashment- (i) on forfeiture by a pledgee of the certificate when the pledge is in conformity with these rules, or (ii) when ordered by a court of law. Explanation : For the purpose of this sub-rule, if a question arises as to whether there has been a fraudulent mis-statement or suppression of information relating to the date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e shall be entitled to receive a sum equivalent to the face value of the certificate together with interest as specified in sub-rule (1) of rule 17: provided that no such interest shall be payable if the certificate is encashed before the expiry of one year from the date of the certificate. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Man ..... X X X X Extracts X X X X X X X X Extracts X X X X
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