INCOME TAX4 Sept 2026
What happens to Post Office MIS after the account holder dies? Know the rules for nominees and heirs
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 through an affidavit and indemnity. Higher amounts require a succession certificate. Keeping nomination updated helps money reach the right person smoothly.
Key Statutory Highlights
- The registered nominee can claim the MIS deposit after the account holder's death by submitting a death certificate, KYC, and a claim form.
- If there is no nomination, legal heirs can claim up to ₹5 lakh using an affidavit and indemnity.
- Claims above ₹5 lakh without legal evidence need a succession certificate from a competent court.
Actionable Advice for Taxpayers / Founders:Review your Post Office MIS nomination and keep KYC documents updated so your nominee or heirs face fewer delays in claiming the deposit.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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