Tuesday, August 3, 2010

Letter of Indemnity

LETTER OF INDEMNITY


To,

The Branch Manager
Bank Name
Branch Address

Dear Sir,

Re: Saving account No. ____ in the name of the deceased Late Sh. _______, R/o __________.

1- That we regret to inform you that Late Sh. ____ , who was maintaining the above saving account No. ____ at your ____ Branch in his single name, died intestate at ___________on ________.

2- That We have further to inform you that he left behind him surviving as his only heirs and next- of –kin the following (i)_______, (ii) ________ (iii) _________ (iv) ________, according to the law of intestate, applicable to _______ by which law he was governed at the time of his death.

3- That we have further to inform you that the balance standing to the credit of the account No. ___________is Rs ______________in the name of the said deceased.

4- That We have therefore approached you with a request to pay the aforesaid sum lying to the credit of the _______-account to the undersigned ______ (Name of the persons whom to pay/handover) on our behalf without insisting on production of legal representations and you have kindly agreed to do so on our executing an Indemnity as is herein contained and on relying on the information herein given by us and believing the same to be true.

5- That in consideration therefore, of your having at our request agreed to pay the balance standing to the credit of the aforesaid account to the undersigned ________________we, the undersigned (Name of same person whom to pay/handover)_______________________________________________( Name of heirs & next –of –kin) __________________________________and _____________________(Name of two sureties ) hereby jointly and severally agree and undertake to indemnity and keep indemnified saved defended, harmless you and your successors and assigns for all times hereafter against all losses, costs, claims, actions, demands, risks, charges, expenses, our request paying/handing over as mentioned hereinabove to the undersigned ____________the aforesaid balance of Rs. ___________-standing (Name of same persons whom to pay/handover) to the credit of the aforesaid account without insisting on production of legal representations.

Yours Faithfully

Name of Heirs & Next of kin

1.
2.
3.
4..

Name of Sureties

1.                     2.