INDEMNITY GIVEN TO THE BANK
BY THE NATURAL GUARDIAN OF MINOR CHILDREN
[CD1]
To
The
..........................................
…………………………Bank,
………………………Branch,
……………………………………
Dear
Sirs
WHERE
AS
(1)
Shri ................. son of late Shri .................................. resident
of…………………was having a fixed Deposit No………………… dated………………… for years @
…………………%
interest per annum and the said fixed deposit has become due on
…………………The
said Shri…………………had not nominated anybody to receive the proceeds of the said
Fixed Deposit Receipt on his death under the Banking Companies (Nomination)
Rules, 1985.
(2)
The said Shri .. expired on………………… leaving Smt …………………and
his minor son Master………………… as his only legal heirs in accordance with Hindu
Law, by which the said Shri …………………governed at the time of his death
(3)
The said Smt …………………. has
applied to you to pay the maturity proceeds of the said FDR viz. Rs …………………to
me for myself and as mother and natural guardian of my minor son………………… without
insisting on the production of legal representation to the estate of the
deceased Shri …………………which you have agreed to pay on condition inter alia, on
my executing this Letter of Indemnity with two sureties
NOW THIS LETTER OF INDEMNITY
WITNESSETH THAT in consideration of your agreeing to
pay to the said Smt . …………………for herself and in her capacity as mother and
natural guardian of her minor son Master …………………the said sum of Rs………………… being
the maturity proceeds of the Fixed Deposit Receipt
No…………………
dated………………… for Rs………………… . we (1) Smt
………………….
the claimant aforesaid and (i) ………………… and (ii)
…………………as sureties hereby
bind and oblige ourselves, our heirs, executors, legal representatives and
assigns jointly
And
severally to indemnify and keep indemnified the …………………Bank, its successors and
assigns of, from and against all claims, demands, actions, proceedings,
losses, damages, costs, charges and
expenses which may be made, or brought or
commenced against the Bank or which the………………… Bank may have to pay, incur or suffer as a
result (direct or indirect) of the payment to the said
Smt…………………
aforesaid sum of Rs…………………
IN WITNESS WHEREOF,
we (1) Smt ......... and (i) ............. and (ii) …………………
aforesaid
have subscribed our names hereunto on this………………… day of
.....................................................................
20…………………
WITNESSES
1 Signed and delivered by the
within named Smt.
2. Signed and delivered by the within named
Shri…………………(First
Surety)
Signed
and delivered by the within named Shri ... .. (Second Surety)
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