AFVOA Newletters of Year 2003

Page 6 of 170 eligibility criteria and procedure for release of such grants are as follows:- • Demise Grant. The grant is admissible to the NOK or the legal heir on demise of the subscriber. • Platinum Grant. The grant is admissible to a subscriber on attaining the age of 75 years. • The Platinum/Demise grant is based on the subscribed commissioned service, as under:- • Below 5 years service Nil 5 to below 10 years service 12,500.00 10 to below 15 years service 25.000.00 15 to below 20 years service 38,000.00 20 years service and more 50,000.00 Dying in harness irrespective of length of service. 20,000.00 Invalided out irrespective of length of service. 50,000.00 • Subscriber/NOK will be eligible for one grant out of Platinum or Demise grant, whichever is applicable earlier. • No formal application is required for claiming the platinum grant. However the retired officers are required to intimate their postal addresses and Bank Account Numbers as and when they enter their 75 th year at following address for updating the records:- Director Accounts Ceremonial & Welfare Directorate Adjutant General’s Branch Army Headquarters South Block, Room No 279 DHQ PO New Delhi – 110011 Tele No - 2337 5138 13. As regards the demise grant, the NOK is required to submit an application enclosing a copy of the death certificate giving details of their Bank Account No, Bankers & full postal address at the address given above. 14. In cases of officers invalided out of service, the officer is required to submit an application at the above address enclosing a copy of the authority invaliding out of service along with details of Bankers, Bank A/C No and postal address. ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ ˵ Excellence can be attained if you Care more than others think is wise. Risk more than others think is safe, Dream more than others think is practical, and Expect more than others think is possible.” - Unknown Disabled Veterans 15. The entire Pension (Service element plus Disability element) is exempt from Income Tax.(Authority: Government of India, Ministry of Finance Department of Revenue Letter No F. No 200/51/99-ITAI). Extract of the letter reads as: