Here is a form of Letter of Indemnity - Indemnity Bond. A bank account holder died intestate leaving behind some amount in his bank account without nominating any person. The sole legal heir of said account holder- who has not obtained either succession certificate or Letter of Administration from the appropriate court of law, is submitting this indemnity bond to the bank authority to withdraw the amount lying in the account of the deceased person. The Bond is also executed by a surety on his behalf.
FORMAT OF THE LETTER OF INDEMNITY
To
The
Branch Manager,
__Name
of the Bank__,
__Name
of the Branch__.
IN CONSIDERATION
of your paying or agreeing to pay me, __name of the claimant_, the sum
of _ the amount_ standing at the credit of Savings Bank Account No. _account
no._ with your bank in the name of __name of the account holder_,
since deceased, without production of Letters of Administration or a Succession
Certificate to his/her estate or a Certificate from the Controller of Estate
Duty to the effect that estate duty has been paid or will be paid or none is
due, I, __name of the claimant_, and I, __name of the surety_, do
hereby for ourselves and our heir, legal representatives, executors and
administrators, jointly and severally 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 the said
sum as aforesaid.
Signed, Sealed and Delivered by the
above named Claimant and Surety on this __the day__ day of __the
month__, 2012 at __place__.
SIGNED AND DELIVERED
by the above
named Claimant :
__________________________________
SIGNED
AND DELIVERED
by the above named Surety :
___________________________________
REPORT
ON THE SURETY:
1.
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Name in full
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2.
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Address
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3.
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Academic
Qualification
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4.
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Age
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5.
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Occupation
If employed,
please state the name of the employer and since when employed
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6.
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Present
monthly income/salary
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7.
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Total yearly
income from all source
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8.
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No. of
Dependents
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9.
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Personal
Assets
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a)
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Immovable
Property viz. land / building, flat etc. give details acquisitions, present
value etc.
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b)
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Investments
(Fixed Deposits, shares etc. if any)
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c)
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Life
Insurance Policy
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d)
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Other Assets
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e)
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Details of
bank accounts, if any, [Name and address of bankers with the account No.
(Current / Savings) to be furnished]
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10.
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Personal
Liability, if any
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11.
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Please
indicate whether surety is related to the claimant
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12.
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Period for
which claimant is known
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I confirm that all the statements made
by me in this application are true and correct and have been made by me.
Place :
Date
:
Signature
of the Surety
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