ਆਪਣੀ ਜਾਣਕਾਰੀ ਭਰੋ

INDEMNITY BOND

This Indemnity Bond is executed at __________ on __________

BY

__________, __________ of the deceased account holder named below, resident of __________ (the "Claimant(s)", which expression includes their respective heirs, executors, administrators and legal representatives)

IN FAVOUR OF

__________, __________ (the "Bank").

WHEREAS:

A. __________, son/daughter/wife/husband of __________, held __________

bearing account number __________ with the Bank at its branch stated above.

B. __________ died on __________, Death Certificate No. __________, without the Bank having received any nomination in respect of the said account covering the balance now claimed.

C. The Claimant(s) claim the balance standing to the credit of the said account, amounting to __________, as legal heir(s) of the deceased, on the basis of __________

D. The other legal heirs of the deceased, besides the Claimant(s), are: __________

E. __________

F. The Bank has agreed to release the said balance to the Claimant(s) without insisting on production of a succession certificate, letters of administration or probate, __________

NOW THIS BOND WITNESSES as follows:

1. In consideration of the Bank agreeing to release the sum of __________ to the Claimant(s) without production of a succession certificate, letters of administration or probate, the Claimant(s) hereby jointly and severally indemnify and agree to keep indemnified the Bank against all claims, demands, actions, proceedings, losses, damages, costs and expenses that the Bank may suffer or incur by reason of having so released the said sum, whether made by any other legal heir of the deceased, any creditor of the deceased's estate, or any other person claiming an interest in the said account.

1. If any person establishes, by a succession certificate, letters of administration, probate or a decree of a competent court, a better right to the said sum or any part of it, the Claimant(s) shall forthwith refund to the Bank, or to the person so established as entitled, the sum so paid, together with interest thereon at the rate the Bank may reasonably charge from the date of payment to the date of refund.

1. The Claimant(s) undertake, if called upon by the Bank at any time, to produce a succession certificate or such other proof of title as the Bank may reasonably require, and to defend, at their own cost, any suit or proceeding instituted against the Bank in connection with the said account or the payment made under this Bond, and to pay the Bank all costs, charges and expenses it may incur in connection with any such suit or proceeding or in enforcing this Bond.

1. This Bond binds the Claimant's (and any surety's) heirs, executors, administrators and legal representatives, and continues in force until the Bank confirms in writing that it is no longer required.

IN WITNESS WHEREOF the Claimant(s) have set their hands on the day and year first above written.

CLAIMANT(S)

WITNESSES:

1. __________, __________

1. __________, __________