Page 763 - The Central Motor Vehicles Rules, 1989

ANNEXURE-XIII THE CENTRAL MOTOR VEHICLE RULES, 1989 735

11. Premature Payment i. Premature closure or part lump sum payment of
MACAD during the life of the claimant will be made
with permission of the court. However, if permitted,
the annuity part will be reissued for balance tenure
and amount, if any, with change in annuity amount.
ii. Premature closure penalty will not be charged.
iii. In case of death of the claimant, payment to be given
to the nominee. The nominee has an option to continue
with the annuity or seek pre-closure.
12. Tax deduction at i. Interest payment is subject to TDS as per Income-tax
source Rules. Form 15G/15H can be submitted by the
Depositor to get exemption from the Tax deduction.
ii. The annuity amount on monthly basis net of TDS,
will be credited to the MACT Savings Bank account.
FORM-XX
FORMAT FOR THE INFORMATION OF MACT
STAGE-I : ACCIDENT DETAILS
(to be submitted by Investigating Officer within 90 days)

Particulars Details
Accident Details:
Date of accident
Place of accident
Case registered at:
P.S.
District

State, PIN
I.O. Particulars:
Phone
Address
Mail

Final Report date:
Victims:
Casualties 1.
2.
...
Injuries (other than 1.
casualty) 2.
...