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.
Ref. No.: PFRDA/2017/22/ APY/2
25th August, 2017
To All Banks/DoPs/ APY SPs/ All Stakeholders
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.
(K Mohan Gandhi)
Deputy General Manager
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