Amendment status not verified — confirm the current text below against the official source.
Payment of accumilazion in the credit of deceased member—On the death of a member before payment has been made.— - If a nomination made by the member in accordance with this scheme subsists, the amount standing to his credit in the find, or part thereof to which nomination relates shall become payable to his nominee or nominees in accordance with such nomination; or If no nomination subsists or if the nomination relates only to a pan of the amount standing to his credit in the Fund or part thereof to which the nomination does not relate, as the case may be, shall become payable to the legal heirs of the deceased member. 32 Payment of amount to be made promptiv—(i) If any portion of the amunt which has become payable is in dispute or debt the Chief Executive shall make prompt payment of the portion of the antount in regard to which there is no dispute or debt the payment of the balance being settled as soon as possible. (ii) If the person to whom any amount is to be paid under this scheme is aminor or a lunatic for whose estate a guatdian under the Guardians and Wards Act, 1890 (Central Act 3 of 1890) or a manager under the Indian Lunacy Act, 190 (Central Act 4 of 1912), as the case may be, has been appointed, the payment shall be made to such guardian or manager and in any other case, the amount shall be paid to the persons authorised by law to receive the payment on behAlf of the minor or the lunatic. Mode of payment—Any person who claims payment under paragraph 29 shall submit an application in Form No. V to the Chief Executive who may, at the option of the person to whom payment is to be made, make the payment by money order at the cost of the payee, or by Crossed Cheque sent through post or by deposit in the payee's Postal Savings Bank Account, if any. Enquiry by Chief Executive,—(i) The Chief Executive shall, on receipt of an application under Paragraph 31, make such enquiries as he may deem fit and make prompt payment of the whole amount or balance thereof after any deduction as provided in the scheme. (ii) Where no nomination has been filed in accordance with the Scheme, the Chif Executive shall, after appropriate enquiry, pay such amount to the legal heirs. Undisbursed amount--Any amount remitted to a person received back undelivered or not claimed again within a period of three years from that date shall be transferred to a seperately maintained account called "Unclaimed Deposit Account". Statement of contribution to be sent.—(i) As soon as possible afterthe close of each financial year, the Chief Executive shall send to each member a statement of his account in the Fund showing the opening balance at the beginning of the period, the amount contributed during the year, and the closi'ng ba!aice at the end of the period. (Ii) Members should satisfy themselves as to the correctness of the annual statement and any error should be brought to the notice of the Chief Executive within one month from the date of receipt of the statement. 33 CHAPTER VII