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Get Indemnity Bond Sample
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How to fill out the Indemnity Bond Sample online
Filling out the Indemnity Bond Sample is a crucial step for users needing to obtain the proceeds of a fixed deposit on behalf of a minor nominee. This guide provides detailed instructions on each section of the form, ensuring a smooth and efficient online experience.
Follow the steps to complete the Indemnity Bond Sample online
- Click the ‘Get Form’ button to acquire the Indemnity Bond Sample, allowing you to access and open it in your preferred editor.
- Fill in the fields with the necessary information about the deceased party, including their full name as 'Claim settlement of Deceased Shri / Smt. / Kum _______________.' Ensure accurate spelling and completeness.
- In the section regarding the deposit, enter the fixed deposit number and the amount. Write 'bearing no. __________ of Rs. __________ made by Shri __________ .' This identifies the specific account related to the claim.
- Complete your personal details by stating your relationship to the deceased. Use 'I, ______________ son/daughter of Shri ______________ residing at ________________.' Fill in your full name and address accurately.
- Provide the full name of the minor nominee along with their date of birth in the section stating 'Master/Miss __________, Date of Birth __________.' This confirms their status as a minor.
- Indicate the expected date of attaining majority under 'Date of attaining Majority __________.' This information is vital for the bank's records.
- Express your purpose for the premature closure by stating, '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.' This shows your commitment to act in the minor's best interest.
- Read the indemnity clause carefully. You must acknowledge the responsibilities outlined to keep the bank harmless from claims related to this transaction.
- Finally, sign the document in the designated Signature section and fill in your name and address. Complete the place and date fields to finalize the form.
- Once all fields are completed, ensure to save your changes, and you may also download, print, or share the form as needed.
Complete your documents online today for a hassle-free experience.
A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.
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