LETTER OF INDEMNITY (To be duly stamped as per the Stamp Act applicable to the State) (Letter of Indemnity with respect to payment of Balance in the Deceased Constituents Account without production of Legal representation) To, The Branch Manager _______________ __________________
IN CONSIDERATION of your paying or agreeing to pay us,
Insert here the names of the claimants 1 ___________________________________________ 2. ___________________________________________ 3. ___________________________________________ 4. ___________________________________________ 5. ___________________________________________
The sum of Rupees__________________________________________standing at the credit of Saving
Bank / Current / R.D Account No. etc. with your Bank in the name of Shri/Smt./Kum. __________________________________since deceased, without production of Letter of Administration or a Succession Certificate to his/her estate, we
Insert here the 1
Names of the 2 suret(y/ies do hereby for ourselves and our heirs, legal representatives, executors and administrators, jointly and severally irrevocably and unconditionally UNDERTAKE AND AGREE to indemnify you and your successors and assign against all claims, demands, proceedings, losses, damages, charges and expenses which may be raised against or incurred by you by reasons or in consequence of your having agreed to pay / or paying me / us the said sum as aforesaid.
Signed, Sealed and delivered by the above named on this ________day of __________two thousand__________________.
Page 36 of 40 Annexure- 8 Opinion Report on Surety
1. Name in Full 2. Address
3. Academic Qualification 4. Age 5. Occupation
(If employed, please state the
name of the employer and since when Employed). 6. Present Monthly Income / Salary (Attach a Salary Certificate, if income is by way of salary) 7. Total yearly income from all sources 8 No. of dependents 9 Personal Assets a. Immoveable Property viz. land / Building / flat etc. give details acquisitions, present value etc. b. Investments (Fixed Deposits, Shares etc. if any) c. Life Insurance Policy d. Other Assets e. Details of Bank Accounts, if any (Name and address of Bankers with Account No (Current / Savings) to be furnished). 10 Personal Liability if any 11 Please indicate whether surety is related to claimants Yes/No 12 Period for which claimants are known Yrs. I confirm that all the statements made by me in this application are true and correct and have been made by me. I also herewith submitting photocopy of the documentary evidence of all asset and liability mentioned in the application.
Place:
Date: Signature (Surety) Remarks of the Zonal Manager/Dy.Zonal Manager/ Branch Manager with Signature
Page 37 of 40 Annexure – 9
RECEIPT
Received from BANK OF INDIA _______________________ Branch `.____________ (Rupees
________________________________________________________ only) by way of transfer to my/our BOI account number/ Pay Order/ Demand draft / RTGS/NEFT No._______________________ dated ________________ in favour of _____________________________________________being the balance standing at the credit of Saving Bank Account/ Current Account/ TDR/ STDR No. __________________________ in the name of deceased ____________________________________. The balance has been paid to me as per Bank rules.
Date: Signature of Claimant
Place: Name:
Declaration in case funds are settled in favour of Minor
I, __________________________________________________, father/mother and natural guardian of
________________________________________ hereby certify that the proceeds by way of transfer to my/our BOI account number/ Pay Order/ Demand draft / RTGS/NEFT No. _____________ dated _______________ favouring ___________________________ by you in full and final settlement of the balance in Account No. _______________ __________ of late ____________________________________ will be utilized for the benefit of the minor only.
Place: Date: ___________________ (Signature of Guardian)
Page 38 of 40 Annexure-10
AFFIDAVIT CUM INDEMNITY BOND WITH SURETY (IES)
(For allowing operation in HUF accounts in case of death of Karta)
THIS INDENTURE is made at__________________this_____day of_____20_________between
1) Sh/Smt*____________________________________ Son/daughter/husband/ wife of/widow of Sh_____________________________address_______________________________________;
2) Sh/Smt*____________________________________Son/daughter/husband/ wife of/widow of
And 3) Sh/Smt*____________________________________ Son/daughter/husband/wife of/widow of
Sh_____________________________address________________________ _______________ {hereinafter called as `the principal parties'} of the FIRST PART
{*Note: details of all coparceners be mentioned}
And
Sh/Smt____________________________________________________Son/daughter/widow of Sh_______________________________address____________________________________ and Sh/Smt________________________________________________Son/daughter/widow of Sh______________________________ address_____________________________________ {hereinafter called `the Surety(ies)'} of the SECOND PART
And BANK OF INDIA, a body corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act of 1970, having its Head Office at Star House,C-5,G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051 and Branch Office amongst other places at____________ (hereinafter referred to as the Bank) of the THIRD PART WHEREAS a) Late Sh____________________________son of Shri ________________________resident of__________________________________ was the Karta of_________________ {hereinafter called as “HUF”} and was operating following account of HUF with the bank at branch Office ________________ Details of account of the HUF Balance (Rs.)
b) The principal parties affirm that Shri______________________________expired
on__________ and we are the only living members of the________________________ viz.(i)_________________________(ii)_______________________(iii)___________________
Page 39 of 40 (Name of the HUF). A copy of the death certificate has since been submitted to the Bank. They further affirm that other than us there are no other members / coparceners in the said HUF.
c) The principal parties further affirm and state that
Mr./Ms.____________________________________ is a coparcener of the HUF and he/she has been unanimously appointed as the new Karta of the HUF;
d) The principal parties approached the Bank with a request to substitute the name of the deceased Karta Shri __________________________________, with the name of newly appointed Karta Mr. /Ms. _________________________________and to allow operation in the account {detailed in para (a) hereinabove}, by the newly appointed Karta for which the principal parties and the surety(ies) have agreed to execute an indemnity and surety as contained herein.
NOW THIS INDENTURE witnessed that in consideration of the Bank having accepted the request of the principal parties to allow the newly elected/appointed Karta to operate the account, the principal parties and the sureties hereby agree, irrevocably and unconditionally undertake and bind themselves jointly and severally to pay the amount shown in the account of HUF at the time of the death of earlier Karta, late Sh__________________________________, along with further interest, loss, damages and cost of all kinds whatsoever the Bank may incur, in case any claim is made about the aforesaid money(s) by anybody else on account of accepting the request of the principal parties and thereby allowing continuing operation in the account of HUF. Further, in consideration of accepting the request of the principal parties by the Bank, the principal parties and the sureties irrevocably and unconditionally undertake for themselves and bind their heirs, executors and administrators to hold the bank, its assigns etc. harmless and indemnified in respect of all/any claims to the aforesaid money.
IN WITNESS whereof the principal parties, and the sureties have put their signatures
