REVISED PROCEDURE FOR FANAL SETTLEMENT OF A DECEASED SPARSH MIGRATED ACCOUNT
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Now , this circular is superseded by anther circular 675 dated 9-7-2024 cancelling cir 228..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
Exp:55%
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