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Does the Money Get Lost After the Death of the Post Office MIS Account Holder?
Summary by TV9 Hindi
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Death can happen to anyone at any time. No one can predict this. So, if a person investing in a Post Office Monthly Income Scheme unfortunately dies, what will happen to the money in his account? What are the rules for receiving the money? Who can claim the money? What documents are required?
Post Office MIS is a popular scheme. Investors need to know what happens to the account balance after the account holder's death and what are the rules regarding nominations.
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