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What happens to Post Office MIS after the account holder dies? Know the rules for nominees and heirs

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India

What happens to Post Office MIS after the account holder dies? Know the rules for nominees and heirs — Sources: livemint.com

If a Post Office MIS account holder dies, the registered nominee can claim the deposit with a death certificate, KYC, and a claim form. Without a nomination, legal heirs can claim up to ₹5 lakh via an affidavit and indemnity, while higher amounts require a succession certificate.

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