Amendments to Rule 60 of POSB (CBS) Manual and Rule 87 of POSB Manual Volume I and deletion of Rule 165 of POSB(CBS) Manual and Rule 50 of POSB Manual Volume II regarding payment of the amount of National (Small) Savings Schemes accounts/certificates (all schemes) in the name of deceased depositor.
The process for settlement of deceased claim case in respect of accounts and certificates has combined in Rule 60 of POSB (CBS) Manual and Rule 87 of POSB Manual Volume I, as such Rule 165 of POSB (CBS) Manual and Rule 50 of POSB Manual Volume II is deleted to avoid duplicacy.
In case where claims are not yet submitted or claims are already submitted but not yet sanctioned, these revised provisions should be made applicable.
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