Boi Letter

Internal
Indemnity-cum-Appropriation Letter for Issue of Duplicate Term Deposit Receipt

and an Advance thereagainst
Appropriate
Stamp
Name:
Address:
Date:
Bank of India,
...................
......................
Dear sirs,
Re.: Term Deposit Receipt/s No. /s

Dated for Rs. _________ in favour of___________
due on_________________________________________
1. I was until recently in possession of the abovementioned Term

Deposit Receipt/s issued by you in my favour.
2. I regret to inform you that the abovementioned Deposit Receipt/s has
been either lost or misplaced and cannot be traced inspite of my/our
having made a due and diligent search for the same.
3. I assure you that I have not created any right or interest in the
said Receipt/s or in the debt represented by it in favour of any
person whomsoever.
4. I have requested you-
a. To issue a duplicate Term Deposit Receipt/s in lieu of
the aforesaid Receipt/s which has been lost; and
b. To grant me an advance of Rs. ______________ against the said
Receipt/s.
5. You have agreed to accede to my above request on the faith and
strength of my above representations and assurances and on giving
you the indemnities, undertaking, and authorities as hereinafter
appearing.
6. In consideration of the premises, I so as to bind myself and my
heirs, executors, administrators, estates and effects/we so as to
bind ourselves jointly and severally and our heirs, executors,
administrators, estates and effects jointly and severally hereby
agree and undertake with you and your successors and assigns as
under: -
i. To keep you safe and indemnified from time to time and at
all times from and against all claims, demands, actions,
proceedings, loss, damages, liability costs (legal costs
being between Attorney/Advocate and clients), charges and
expenses whatsoever, which may be mad6-or brought or
commenced against you or be paid, sustained, suffered or
incurred by you howsoever as consequence direct or indirect
of your issuing to me/us duplicate Term Deposit Receipts and
granting the advance as aforesaid;
ii. To pay to you and make good on demand by you the amount of
such loss, damage, liability, costs (legal costs being
between Attorney/Advocate and clients), charges and expenses
together with the interest at % p.a. from the date of
payment by you until reimbursement by me/us.
iii. To return to you the original Term Deposit Receipt/s as
aforesaid should the same be found by me or us or should
again come into my possession at any time hereafter;
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Internal
iv. Without prejudice to the right of lien and set-off conferred

on you as a banker by law you shall have a right to set-off
any amount payable by me to you hereunder against the
Receipt/s or any other account with you in any Branch of
your Bank.
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Internal
7. In further Consideration of the premises, I so as to bind myself and

my heirs, executors, administration, estates and effects/ we so as to
bind ourselves, jointly and severally our heirs, executors,
administration, estates and effects jointly and severally irrevocably
give you and your successors and assigns: -
i. To retain with you the duplicate Term Deposit Receipt No and

No of your Bank for Rs and Rs in lieu of the original
Receipt/s lost (hereinafter referred to as” the said
Receipt. /s”). handed over to you duly discharged by me and
to hold the same as a security for the outstanding balance
under the said advance with you with the power to utilize
the proceeds thereof or any other Term Deposit Receipts
issued in renewal thereof, for adjustment against the said
advance with you or for recovering any amount from me under
clause 6 hereinabove;
ii. if on a demand from you at any time I/we fail to pay the
full amount due from me to you under the said advance or any
amount from me under foregoing clause 6: -
b. To set-off and appropriate the amount of the said

Receipt/s or of any renewal Receipt/s plus interest
thereon towards the recovery of such amount/s due to you
from me;
c. To withdraw the amount of the said Receipt/s or any

renewal Receipt/s without interest or with such interest
that the Bank may pay even before the due date thereof
towards the recovery of such amount/s from me to you.
iii. to withhold the amount of the said Receipt/s or any renewed

Receipt/s with the accrued interest thereon even after its due
date for such time. As you may deem fit in case our liability to
the Bank hereunder is likely to arise after the said due date,
and your opinion as to whether such liability is likely to arise
after the said due date shall be final and binding on me.
*In Consideration of the premises, I/We _________________________(name/s

of the jointly guarantor/s) the undersigned and severally guarantee to
you Bank of India, on demand by you, the due payment of all moneys
payable to you under the forgoing letter by executants thereof.
1. Signature
Name
Occupation
Address
2. Signature
Name
Occupation
Address
*(Only if sureties execute the Indemnity) (This Letter is to be stamped

as Agreement) (Not to be &hosted)

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Internal

Indemnity-cum-Appropriation Letter for Issue of Duplicate Term Deposit Receipt

Re.: Term Deposit Receipt/s No. /s

1. I was until recently in possession of the abovementioned Term

iv. Without prejudice to the right of lien and set-off conferred

7. In further Consideration of the premises, I so as to bind myself and

i. To retain with you the duplicate Term Deposit Receipt No and

b. To set-off and appropriate the amount of the said

c. To withdraw the amount of the said Receipt/s or any

iii. to withhold the amount of the said Receipt/s or any renewed

*In Consideration of the premises, I/We _________________________(name/s

*(Only if sureties execute the Indemnity) (This Letter is to be stamped

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