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General Indemnity Bond

At a glance

Price
₹199 · GST included
Stamp duty
An indemnity bond is chargeable under Article 34, Schedule 1-A to the Indian Stamp Act, 1899 as applicable to Punjab, which Schedule also governs the Union Territory of Chandigarh, at the same duty as a security bond for the like amount under Article 57 of that Schedule — 0.5% of the amount secured by the bond, subject to a minimum of Rs. 200 — though a rebate notification of 21 March 1998 has at times reduced the effective rate on a security bond to 0.1%, and whether that rebate still applies was not independently confirmed for this template.
Registration
An indemnity bond of this kind does not itself transfer, create or extinguish any right in immovable property, so it is not compulsorily registrable under section 17 of the Registration Act, 1908, in Punjab or in Chandigarh.
Witnesses
Attested by two witnesses, adults and not parties to the Bond, in both jurisdictions; a bank or company obligee commonly asks that at least one witness be independently identifiable, for the same reason it asks for notarisation.

₹199

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • Indemnity Bond
  • Letter of Indemnity
  • Indemnity-cum-Surety Bond
  • ਆਮ ਇੰਡੈਮਨਿਟੀ ਬਾਂਡ
  • सामान्य क्षतिपूर्ति बंधपत्र

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in
Why you need it

When you need it

Someone — a bank, a company, a society, an authority or another private party — will only act, release something or accept a risk if you first promise in writing to make good any loss that decision causes them: releasing a fixed deposit without the original receipt, issuing a duplicate certificate, letting you proceed without a document they would normally insist on, or another one-off situation not already covered by a ready-made document elsewhere in this library. This is a general-purpose bond for exactly that situation — state what you are asking the Obligee to do or accept, and what you are indemnifying them against, and the Bond does the rest. It is a personal promise to pay, not a mortgage or a charge on any property, and it does not by itself make the Obligee do what Recital A describes; that agreement is separate, and this Bond only backs it. Not for: an indemnity a seller gives a buyer on a property sale, a tenant gives a landlord, or a co-borrower gives a lender — each of those relationships has its own purpose-built document elsewhere in this library, with the clauses that relationship specifically needs. Use this general bond only where none of those fits.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

An indemnity bond is chargeable under Article 34, Schedule 1-A to the Indian Stamp Act, 1899 as applicable to Punjab, which Schedule also governs the Union Territory of Chandigarh, at the same duty as a security bond for the like amount under Article 57 of that Schedule — 0.5% of the amount secured by the bond, subject to a minimum of Rs. 200 — though a rebate notification of 21 March 1998 has at times reduced the effective rate on a security bond to 0.1%, and whether that rebate still applies was not independently confirmed for this template. Figures checked 19 September 2026 — confirm the duty payable on the amount stated in this Bond at the treasury, an SHCIL e-stamp counter or an authorised stamp vendor in Punjab or in Chandigarh before buying the stamp paper.

Registration

An indemnity bond of this kind does not itself transfer, create or extinguish any right in immovable property, so it is not compulsorily registrable under section 17 of the Registration Act, 1908, in Punjab or in Chandigarh. The parties may nonetheless present it for registration voluntarily under section 18 of that Act if the Obligee wants the added evidentiary weight of a registered instrument; that is a choice, not a requirement, and this Bond is drafted to stand on its own either way.

Notarisation

Signed by the Indemnifier (and the Surety, if any) before a Notary Public appointed for Punjab or for the Union Territory of Chandigarh, who verifies identity and attests the signatures. Many obligees — banks and companies in particular — insist on notarisation as a condition of accepting the bond even though the law does not compel it.

Witnesses

Attested by two witnesses, adults and not parties to the Bond, in both jurisdictions; a bank or company obligee commonly asks that at least one witness be independently identifiable, for the same reason it asks for notarisation.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

GENERAL INDEMNITY BOND

This Indemnity Bond (this "Bond") is made at Panchkula on 1 April 2026.

BY

Naveen Chadha, son of Sh. Rakesh Chadha, resident of House No. 76, Sector 15, Panchkula 134113, holding Aadhaar 6666 7777 8888, executing this Bond within the State of Punjab (the "Indemnifier", which expression includes the Indemnifier's legal heirs, executors, administrators and legal representatives), together with X of X as surety (the "Surety", which expression likewise includes the Surety's legal heirs, executors, administrators and legal representatives; the Indemnifier and the Surety are together referred to as the "Indemnifier" for the purposes of this Bond, and their liability is joint and several),

IN FAVOUR OF

Sunrise Cooperative Bank Limited of SCO 41, Sector 8, Panchkula 134109 (the "Obligee", which expression includes its successors and permitted assigns).

RECITALS

A. The Indemnifier has requested the Obligee to release the balance in Fixed Deposit Receipt No. 004411 in the name of the Indemnifier's late father without production of the original receipt, which has been lost.

B. The Obligee has agreed to act as recorded in Recital A only against an indemnity in the terms of this Bond, and the Indemnifier has agreed to give it.

NOW THIS BOND WITNESSES as follows.

  1. THE INDEMNITY

1.1 The Indemnifier shall keep the Obligee fully indemnified and harmless, up to ₹3,40,000 (Rupees Three Lakh Forty Thousand only), against every loss, damage, claim, demand, liability, cost and expense, including reasonable legal costs, that the Obligee suffers or incurs arising out of or in connection with: any claim made by any other person to the deposit referred to above, any loss the Obligee suffers by releasing it as requested, and any cost of defending such a claim

What this document is for

A bank, a company, a society, an authority or another private party will sometimes only act, release something or accept a risk once the person asking has first promised in writing to make good any loss that decision causes — releasing a fixed deposit without the original receipt, issuing a duplicate certificate, or letting something proceed without a document normally insisted on. This Bond is that written promise, for a one-off situation not already covered by a purpose-built document elsewhere in this library.

It is a personal promise to pay, not a mortgage or a charge on any property, and signing it does not by itself make the Obligee do what is being asked — that decision is separate, and this Bond only backs it once made. It is not for a seller indemnifying a buyer on a property sale, a tenant indemnifying a landlord, or a co-borrower indemnifying a lender: each of those relationships already has its own purpose-built document elsewhere in this library, and this general Bond is only for the situation none of those fits.

Before you use this — the Bond backs a promise, it does not force one

This Bond only ever runs alongside a separate decision by the Obligee to act as Recital A describes — a bank agreeing to release a deposit, a company agreeing to issue a duplicate certificate. Executing this Bond does not itself compel that decision; it simply gives the Obligee the protection it is asking for before making it. And clause 5.1 confirms the Bond creates no charge, mortgage or lien on any property: whatever it secures, it remains a personal obligation of the Indemnifier, and of a Surety who joins in, and nothing more.

Stamp paper and registration

Stamp paper needed

Yes

Typical stamp duty — Punjab

Ask us — The template names a figure — 0.5% of the amount this Bond secures, under Article 34 read with Article 57 of Schedule 1-A, subject to a minimum of Rs 200 — but flags it as the biggest open question in the document: a rebate notification of 21 March 1998 has at times cut that effective rate to 0.1%, and whether it still applies, and whether Article 34 still cross-refers the same way in a since-revised Schedule 1-A, could not be independently confirmed. Confirm the current rate, and whether the rebate still applies, at the treasury or an authorised stamp vendor before buying the stamp paper.

Typical stamp duty — Chandigarh

Ask us — The same Schedule 1-A article governs Chandigarh as Punjab for this Bond, so the same open question applies to the 0.5% (minimum Rs 200) figure and to whether the 1998 rebate to 0.1% still reduces it. Confirm at an SHCIL e-stamp counter or an authorised vendor in Chandigarh before buying the stamp paper.

Registration at the Sub-Registrar

No — Not compulsorily registrable in either place — it transfers no interest in property. The Obligee can still ask for it to be registered voluntarily under section 18 of the Registration Act, 1908 for the added evidentiary weight; some banks and companies prefer that.

Notary or witnesses

Neither is compelled by law, but this Bond is drafted for execution before a Notary Public, and two adult witnesses who are not parties additionally attest. Many obligees — banks and companies in particular — insist on both as a condition of accepting the Bond even though neither is a statutory requirement here.

What you will need before you start

  • The Indemnifier's full name, parentage, address and photo ID, and a Surety's details if one is joining
  • The Obligee's full name and address — who this Bond is given in favour of
  • Exactly what you are asking the Obligee to do, release or accept, and why (this becomes Recital A)
  • What you are indemnifying the Obligee against, stated precisely rather than left general
  • The amount this Bond secures — it also fixes the stamp duty, so it should reflect the real value at risk
  • Whether the Bond is meant to run indefinitely or for a fixed number of years
  • Two witnesses, and the city whose courts will have jurisdiction if a dispute comes up

Common mistakes

  • Reaching for this general Bond when the library already has a purpose-built one for the actual relationship — a seller indemnifying a buyer, a tenant indemnifying a landlord, or a co-borrower indemnifying a lender each has its own document drafted with that situation's own clauses.
  • Assuming the 0.5% (minimum Rs 200) figure this document mentions is the final word — a 1998 rebate notification may or may not still cut it to 0.1%, and that was not independently confirmed for either Punjab or Chandigarh.
  • Understating the amount indemnified — it is both the ceiling of the exposure this Bond actually covers and the base the stamp duty is calculated on, so it should reflect the real value at risk, not a round or convenient number.

Questions people ask before using this document

What is a General Indemnity Bond actually used for?

It is the document you sign when a bank, company, society or authority says it will only act — release a deposit, issue a duplicate certificate, let something proceed — once you have promised in writing to cover any loss that decision causes them. It is general-purpose precisely because it is meant for a one-off situation that does not already have its own purpose-built document in this library.

Does signing this Bond make the bank or company actually do what I am asking?

No. This Bond only backs a decision the Obligee makes separately — it does not itself compel the Obligee to release the deposit, issue the certificate, or take any other step Recital A describes. Whether to act is still the Obligee's own call; this Bond just gives it cover once it decides to.

How much stamp duty does a General Indemnity Bond attract in Punjab and Chandigarh?

The governing article names a figure — 0.5% of the amount the Bond secures, minimum Rs 200 — but a 1998 rebate notification may or may not still cut that to 0.1%, and this was not independently confirmed for either place. Confirm the current rate, and whether the rebate still applies, at the treasury or an authorised stamp vendor before buying the stamp paper.

Do I need a surety to execute this Bond?

No — a surety is optional. The Indemnifier can execute this Bond alone. A surety is worth adding only if the Obligee specifically asks for one, or if the Indemnifier wants to share the liability with somebody else who agrees to join in.

Can I use this Bond for a property sale, a tenancy, or a loan I have co-signed?

Not ideally. A seller indemnifying a buyer after a sale, a tenant indemnifying a landlord, and a co-borrower indemnifying another on a loan each have their own purpose-built document in this library, drafted with the clauses that specific relationship actually needs. This general Bond is meant for a situation none of those already covers.

Related documents, and when you would need them

Questions about this document

Does the General Indemnity Bond need stamp paper or stamp duty in Punjab and Chandigarh?

An indemnity bond is chargeable under Article 34, Schedule 1-A to the Indian Stamp Act, 1899 as applicable to Punjab, which Schedule also governs the Union Territory of Chandigarh, at the same duty as a security bond for the like amount under Article 57 of that Schedule — 0.5% of the amount secured by the bond, subject to a minimum of Rs. 200 — though a rebate notification of 21 March 1998 has at times reduced the effective rate on a security bond to 0.1%, and whether that rebate still applies was not independently confirmed for this template. Figures checked 19 September 2026 — confirm the duty payable on the amount stated in this Bond at the treasury, an SHCIL e-stamp counter or an authorised stamp vendor in Punjab or in Chandigarh before buying the stamp paper.

Does the General Indemnity Bond need registration in Punjab and Chandigarh?

An indemnity bond of this kind does not itself transfer, create or extinguish any right in immovable property, so it is not compulsorily registrable under section 17 of the Registration Act, 1908, in Punjab or in Chandigarh. The parties may nonetheless present it for registration voluntarily under section 18 of that Act if the Obligee wants the added evidentiary weight of a registered instrument; that is a choice, not a requirement, and this Bond is drafted to stand on its own either way.

What does the General Indemnity Bond cost on Kaagazaat?

₹199, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the General Indemnity Bond need witnesses?

Attested by two witnesses, adults and not parties to the Bond, in both jurisdictions; a bank or company obligee commonly asks that at least one witness be independently identifiable, for the same reason it asks for notarisation.

Often needed with this document

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