Scribd Logo
Upload

Welcome to Scribd!

  • Letter of Indemnity - IOB

    Uploaded by

    RajarshiRay
    25 views1 page
    1. The document is a letter of indemnity from a customer to the Indian Overseas Bank regarding depositing a cheque for collection and crediting the proceeds to the customer's account. 2. The customer undertakes to indemnify the bank for any losses or damages arising from crediting the described cheque to collect the funds and deposit them in the customer's account, even though the cheque is made out to a different name. 3. The customer confirms that the name on the cheque and the name on their account are the same person. The customer agrees to be personally responsible for any damages incurred by the bank for crediting the funds to the specified account.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. The document is a letter of indemnity from a customer to the Indian Overseas Bank regarding depositing a cheque for collection and crediting the proceeds to the customer's account. 2. The customer undertakes to indemnify the bank for any losses or damages arising from crediting the described cheque to collect the funds and deposit them in the customer's account, even though the cheque is made out to a different name. 3. The customer confirms that the name on the cheque and the name on their account are the same person. The customer agrees to be personally responsible for any damages incurred by the bank for crediting the funds to the specified account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    25 views1 page

    Letter of Indemnity - IOB

    Uploaded by

    RajarshiRay
    1. The document is a letter of indemnity from a customer to the Indian Overseas Bank regarding depositing a cheque for collection and crediting the proceeds to the customer's account. 2. The customer undertakes to indemnify the bank for any losses or damages arising from crediting the described cheque to collect the funds and deposit them in the customer's account, even though the cheque is made out to a different name. 3. The customer confirms that the name on the cheque and the name on their account are the same person. The customer agrees to be personally responsible for any damages incurred by the bank for crediting the funds to the specified account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    To

    The Manaqer

    INDIAN OVERSEAS BANI<


    FnEE SCHOOL STREET BRAt/CIi
    6, ROYD STREET, KOlKATA·700 016

    Dr ar Sir.
    ne : letter of IndemnIty for DeposItIng

    00 No./Chequo
    No.--- o(1lcd----- ..-... ---fol ns.--·-----------drilwn all

    -------------- fvg. _

    to' be credited 10-------------------------------:----


    S8 A/c.--------/CD Ale. standing In the name 01---------·------

    I/We do hereby undertake to indemnify you lor and ogainst all losses, damages and consequences
    arising out 01 your crediting the cheque fully described hereinbefore for the purpose 01 collection
    & crediting in my/our account with you inspite 01 the Iact that the cheque lav~uls in the name

    01--------------------------.---------

    I/Wo confirm you that the names--- ..------·--------------------

    and----------------,---- 8Ie one and the same person and


    it is me only.

    Besides. I/we hold myself/ourselves personally bound to you agains toll manner of damanes and

    costs resulting to you for your so crediting to my/our SIB Afc. No.·----·-- --.- ...

    standing in the name of .---

    Yours loilhlully.

    (Specimen Slqnature l
    Address :--------------.--.-------- .. - --_

    ,
    ,

    You might also like