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Saturday, 16 September 2017

SIMPLIFICATION OF WITHDRAWAL PROCEDURE UNDER ATAL PENSION YOJANA (APY) IN DEATH CASES- PFRDA

Simplification of Withdrawal Procedure under Atal Pension Yojana (APY) in Death Cases- PFRDA

PENSION FUND REGULATORY
AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.

CIRCULAR

Ref. No.: PFRDA/2017/22/ APY/2
25th August, 2017

To All Banks/DoPs/ APY SPs/ All Stakeholders

Sir/Madam,

Subject: Simplification of Withdrawal Process under APY- Death Cases

1. As per PFRDA Circular dated 18th October 2016 regarding settlement of death cases before the age of 60 years under APY, the following documents are to be submitted by spouse or the nominee along with the claim:

I. Original death certificate of the subscriber

II. KYC of spouse or nominee

III. Proof of bank details for spouse or nominee

IV. Relationship proof of claimant with the subscriber

2. It has been decided by PFRDA that the requirement of submission of original death certificate by spouse or the nominee in case of death claim by subscribers of APY need not be insisted upon. However a copy of death certificate duly verified by the concerned bank branch/DoP as a true copy is suffice to process the claims.

3. The above simplification will help to reduce the processing time for settlement of death cases and increase the efficiency of operation to the satisfaction of all associated stakeholders.

Yours Sincerely,

Sd/-
(K Mohan Gandhi)
Deputy General Manager

Simplification of Withdrawal Procedure of APY in Death Cases [View]

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