INDEMNITY BOND
This Indemnity Bond is executed at NEW DELHI on 08TH day of OCTOBER, 2024 by;
MRS. SHEELA W/o LATE SHRI SUBHASH CHAND R/O 964, SUNLIGHT
COLONY NO. 2, JANGPURA, SOUTH DELHI, NEW DELHI-110014; hereinafter
referred to as "the Indemnifier/ Claimant".
IN FAVOR OF
CANARA BANK, having its office at E-221, BLOCK E, EAST OF KAILASH, NEW
DELHI – 110065, hereinafter referred to as "the Indemnitee."
Whereas LATE SHRI SUBHASH CHAND, who was a beneficiary of CANARA BANK,
passed away on 25.06.2021, leaving behind certain amounts/money/benefits/claim under
ACCOUNT NUMBER/POLICY NUMBER: _____________________, BENEFICIARY
NAME: SUBHASH CHAND, IFSC CODE: CNRB0000268, BRANCH: E-221, BLOCK
E, EAST OF KAILASH, NEW DELHI – 110065 in the custody of the Indemnitee.
WHEREAS the said deceased did not nominate any beneficiary for the account/policy, or
the nominated beneficiary has also passed away, and now the legal heir, the Claimant, claims
the right to receive the said amount/benefits as the lawful heir of the deceased.
WHEREAS the Claimant, being the legal heir of the deceased, has made a claim to the
Indemnitee to release the amount/benefits/claim standing in the name of the deceased to the
Claimant’s own account, which is BENEFICIARY NAME: SHEELA, ACCOUNT NO.
110014452306, IFSC CODE: CNRB0006064, BRANCH: I 87, LAJPAT NAGAR- II,
NEW DELHI- 110024.
NOW THIS BOND WITNESSETH AS FOLLOWS:-
1. That the Claimant hereby agrees to indemnify and keep indemnified the Indemnitee
from and against all claims, demands, losses, damages, costs, charges, and expenses
which the Indemnitee may incur or be put to by reason of the payment of the said
amount to the Indemnifier.
2. That the Claimant undertakes that if any other person or party, including any other legal
heirs or creditors, claims or demands the amount or any part thereof, the Claimant shall
be liable to settle such claims or reimburse the Indemnitee for any payments or losses
incurred as a result.
3. That the Claimant agrees that this Indemnity Bond shall be binding on the Claimant’s
heirs, executors, administrators, and legal representatives.
4. That the Claimant declares that no other person is entitled to claim the said amount
from the Indemnitee, and in the event of any other claim arising, the Indemnifier shall
bear all responsibility and consequences, including any legal action or demand by any
third party.
5. That the Claimant agrees to provide any necessary documents or evidence that the
Indemnitee may require to verify the claim and process the release of the funds.
6. That the Claimant agrees that the release of funds by the Indemnitee in the Claimant’s
favor shall be deemed as full and final settlement of any claim that may arise from the
amount or benefits left by the deceased.
IN WITNESS WHEREOF, the Indemnifier/ Claimant has signed this Indemnity Bond on
the day, month, and year mentioned above, in the presence of the following witnesses:
WITNESSES: - INDEMNIFIER/ CLAIMANT
1.
2.
