Hi Reshma,

The NEFT will be registered and maturity claim will be paid.

There is no such clause that cheque with 'new account' can't be used to receive maturity proceeds.

Only pre-requisite is that the cheque should have a pre printed name or should be accompanied by latest bank statement/passbook copy.

Thanks

Gurleen Kaur Tikku

Dear Reshma

Your policy must have a bank account details and maturity proceed will bevsent to your registered account only .

If you do not want credit in your registered account or you have closed the account then you must apply for change of bank account by submitting a request letter alongwith cancelled cheque having your printed name or your pass book with an entry in last 90 days .

Once change of bank account is done , then your maturity proceeds will be transferred .

Hope this clarifies