AIBSNLPWA TN CIRCLE

VERY IMPORTANT MESSAGE TO OUR MEMBERS    

We are giving instructions to our members repeatedly to make their Pension savings bank account in bank or post office as EITHER OR SURVIVOR type account.  In spite of our repeated reminders some pensioners do  not follow our instructions.They donot realise the seriousness in our advise.

Recently when one member died he was having 2 lakhs rupees in his SB Account in his name. When his wife asked for the amount the authorities required legal heir certificate. The postal  authorities say that some other person may claim as his wife or legal heir and drag them into dispute. Now his wife  is suffering to get legal heir certificate. 

If you have EITHER OR SURVIVOR SB A/C, your wife/husband can withdraw money easily.( In the Pension SB account only wife or husband as the case may be could become a joint account holder) that is why we  ask our members to have either or survivor pension account in Post office or in  Banks by joining wife or husband as joint account holder. The rules are there for having such account in post office or in bank.  if you have not done it so far, please  do not delay it. Act now immediately and  dont put your spouse in trouble after your life.