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Annexure 18 Letter of Undertaking Cum Indemnity for Pre-closure/Pre-mature payment of Term/Fixed Deposit in case of Minor Nominee To The Branch Manager IDBI Bank Ltd. Branch Dear Sir Claim settlement of Deceased Shri / Smt. / Kum. In consideration of your having agreed to pay the proceeds of premature closure of the fixed deposit bearing no. of Rs. made by Shri the Depositor I son/daughter of Shri residing at assigns that Master/Miss Date of Birth who has been appointed as a nominee by the Depositor to the aforesaid Term/Fixed Deposit Account is a minor as on the date of this claim Date of attaining Majority. I am the person authorised by the Depositor to receive proceeds of the deposit on behalf of the nominee. In order to upkeep the minor nominee and other legal necessity of the nominee I requested the Bank for Premature Closure of the said Term/Fixed Deposit Account and pay the balance lying in the said Account along with the interest accrued the Amount to me on behalf of the minor nominee. I hereby agree confirm and undertake that the amount received from the Bank shall be utilised by me only for the benefit and welfare of the minor nominee and no other purpose. I shall from time to time and at all times keep the Bank its successors assigns its directors managers agents officers and servants and their respective estates and effects harmless and indemnified against all claims demands proceedings losses damages charges and expenses which may be raised against or incurred by Bank its successors assigns its directors managers agents officers and servants and their respective estates and effects for the reasons or in consequence of the Bank having agreed to pay/or paying me the Amount. Branch Dear Sir Claim settlement of Deceased Shri / Smt. / Kum. In consideration of your having agreed to pay the proceeds of premature closure of the fixed deposit bearing no. of Rs. made by Shri the Depositor I son/daughter of Shri residing at assigns that Master/Miss Date of Birth who has been appointed as a nominee by the Depositor to the aforesaid Term/Fixed Deposit Account is a minor as on the date of this claim Date of attaining Majority. of Rs. made by Shri the Depositor I son/daughter of Shri residing at assigns that Master/Miss Date of Birth who has been appointed as a nominee by the Depositor to the aforesaid Term/Fixed Deposit Account is a minor as on the date of this claim Date of attaining Majority. I am the person authorised by the Depositor to receive proceeds of the deposit on behalf of the nominee. I am the person authorised by the Depositor to receive proceeds of the deposit on behalf of the nominee. In order to upkeep the minor nominee and other legal necessity of the nominee I requested the Bank for Premature Closure of the said Term/Fixed Deposit Account and pay the balance lying in the said Account along with the interest accrued the Amount to me on behalf of the minor nominee. In order to upkeep the minor nominee and other legal necessity of the nominee I requested the Bank for Premature Closure of the said Term/Fixed Deposit Account and pay the balance lying in the said Account along with the interest accrued the Amount to me on behalf of the minor nominee. I hereby agree confirm and undertake that the amount received from the Bank shall be utilised by me only for the benefit and welfare of the minor nominee and no other purpose.