There was a circular 228, from PCDA for final settlement of a deceased Sparsh migrated account.
Now , this circular is superseded by anther circular 675
dated 9-7-2024 cancelling cir
228..
In that new circular, the
amount of overpayment made to a deceased pensioner need not
to be refunded to Sparsh-RBI account. The amount lying in the deceased account may
be
released to the NOK as per
Banking procedure . A final settlement- death claim
settlement.
If there is Joint account,
then the widow may be allowed to withdraw
if not, then
according to the
procedure.
Here, after the death of a
sparsh migrated pensioner, in normal procedure, the widow is
granted with
family pension with effect from the next day of death of a veteran.
In this regard, the
Sparsh Authority will recover the over
payment made to deceased a/c
in installment from the
pension of Family pensioner.
THIS IS THE LATEST PROCEDURE.
All our
senior veterans may please note this and guide the affected
families in their areas.
Authority: PCDA cir 675
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