Indemnity Bond Format (General)
Prepare an indemnity bond promising to make good any loss the other party suffers, and download it as a Word file.
What it is
An indemnity bond is a written promise by one person (the indemnifier) to protect another (the indemnity holder) from loss caused by a stated event. Section 124 of the Indian Contract Act, 1872 defines a contract of indemnity. Institutions commonly ask for one before acting on a request that carries some risk.
When it is used
- Issue of duplicate share certificates, fixed deposit receipts or documents.
- Transfer of assets or society membership to legal heirs without a succession certificate.
- Release of a refund or payment on the basis of the applicant's declaration.
What the template covers
- Details of the indemnifier and the beneficiary
- Purpose and background of the indemnity
- Undertaking to indemnify against losses, claims and costs
- Optional maximum amount of the indemnity
- Signatures and witnesses
Details you will need
The generator asks for the following. Fields marked with an asterisk in the form are required; the rest can be left blank and filled in later in Word.
Bond
Bond Date; Place; Stamp Paper Value (₹)
Executant (Indemnifier)
Full Name; S/o, D/o or W/o; Address; PAN
Beneficiary (Indemnified)
Beneficiary Name; Beneficiary Address
Indemnity
Purpose of Indemnity; Maximum Indemnified Amount (₹, optional)
Stamp duty, registration and filing
An indemnity bond is executed on non-judicial stamp paper or e-stamp paper of the value prescribed by the State's Stamp Act, and is often notarised. Many banks, registrars and housing societies prescribe their own wording, so compare the template with the recipient's format before signing.
Generate the Indemnity Bond (General)
Fill in the form and download the draft as a Word file. It is a general template, not legal or professional advice; have it reviewed for your facts before you sign or rely on it.
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Frequently asked questions
What is the value of stamp paper for an indemnity bond?
It depends on the State and, in some States, on the amount secured. Check the rate under your State's Stamp Act or ask the institution requesting the bond.
Does an indemnity bond need to be notarised?
Notarisation is not always a legal requirement, but many institutions ask for a notarised bond. Follow the recipient's instructions.
What is the difference between an indemnity and a guarantee?
In an indemnity, the indemnifier promises to make good a loss. In a guarantee, a surety promises to perform or pay if the principal debtor defaults, so there are three parties.
This page gives general information for reference only. Laws, stamp duty rates and filing requirements change and differ between States, so confirm the current position for your case. Related: all document templates · free tax calculators · compliance calendar and guides.