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What happens to Post Office MIS after the account holder dies? Know the rules for nominees and heirs
Mint 1 hr ago·4 Sept 2026, 7:59 am
When a Post Office Monthly Income Scheme (MIS) account holder passes away, the deposit does not automatically become part of the estate. Instead, the process is governed by the nomination status of the account. If a nominee is registered, the legal representative can claim the funds by submitting the death certificate, a KYC document, and the prescribed claim form. This ensures a smooth transfer of assets to the intended beneficiary without lengthy legal battles.
If no nomination was made, the rules become stricter. The legal heirs can claim the deposit, but the Post Office allows a maximum withdrawal of ₹5 lakh via an affidavit and indemnity bond. For amounts exceeding this limit, the heirs must obtain a succession certificate from a civil court to prove their right to the funds. This distinction is crucial for investors to understand to avoid future complications for their beneficiaries.
Excerpt from Mint
If a Post Office MIS account holder dies, the registered nominee can claim the deposit with a death certificate, KYC, and a claim form. Without a nomination, legal heirs can claim up to ₹ 5 lakh via an affidavit and indemnity, while higher amounts require a succession certificate. The Post Office Monthly Income Scheme…Read the original at Mint
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