Indemnity Bond Format and Online eSign
Prepare your indemnity bond on e-stamp paper and sign it with Aadhaar OTP. Understand stamp duty and notarisation before you sign. ₹15 per signature.
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What is an Indemnity Bond?
An indemnity bond is a document in which one person (the indemnifier) promises to compensate another (the indemnity holder) for any loss the second person may suffer because of a particular action. In Indian law the idea comes from the Indian Contract Act 1872, which defines a contract of indemnity as a promise to save another person from loss caused by the conduct of the promisor or of any other person.
In everyday life, indemnity bonds are most often asked for when an organisation agrees to do something on your request that carries a risk for them. Examples include a bank or company issuing a duplicate of a lost fixed deposit receipt or share certificate, a housing society transferring membership to a legal heir, an institution releasing documents or money to one of several claimants, or a company paying out a claim when original papers are missing. The bond protects the organisation: if someone else later turns up with a better claim, the person who signed the bond agrees to make good the loss.
An indemnity bond is a stampable instrument, so it is normally executed on non-judicial stamp paper (or an e-stamp certificate) of the value set by your state, and many banks and registrars also ask for it to be notarised or for witnesses to sign. Aadhaar eSign gives you a legally valid electronic signature on the bond, but it does not replace the stamp duty, and it may not satisfy an institution that specifically demands notarisation, so always follow the recipient's instructions.
Who needs an indemnity bond?
Investors and account holders
Get duplicate share certificates, fixed deposit receipts or bonds issued after the originals are lost.
Legal heirs and nominees
Claim deposits, shares or society membership where the institution asks the heir to indemnify it against other claims.
Businesses
Indemnify a client or partner against losses arising from your work, product or instructions.
Individuals with missing documents
Request payments or document releases from institutions when an original document cannot be produced.
Legal framework
Legally valid under Indian law
An indemnity bond is not one of the documents excluded under Schedule I of the IT Act, so it can be signed with Aadhaar eSign. It does attract stamp duty under the Stamp Act that applies in your state, so buy an e-stamp certificate of the correct value before signing and make it part of the PDF. The stamp value differs between states and sometimes depends on the amount covered, so check your state's stamp schedule or ask the institution. Many banks, registrars and housing societies have their own indemnity format and may also require notarisation or witnesses. Use the institution's format where one is given, and follow its notarisation requirement, because an eSign does not replace a notary's attestation.
Primary reference: Section 3A, IT Act 2000; Sections 124-125, Indian Contract Act 1872
Important note
Stamp duty and notarisation rules vary by state and institution. Check them before you sign.
Essential clauses
- Names and addresses of the indemnifier and the indemnity holder
- Background: what the indemnity holder is doing at the indemnifier's request (for example issuing a duplicate certificate)
- Description of the asset, document or transaction concerned, with numbers and amounts
- The indemnity: a promise to compensate for any loss, claim or cost arising from that action
- Any surety or witness details required by the institution
- Place and date of execution
- Signatures of the indemnifier and any surety or witnesses
Indemnity Bond format (sample)
Banks, registrars and housing societies often have their own indemnity format. Use theirs when they provide one. Execute the bond on e-stamp paper of the value required in your state.
Indemnity bond for issue of duplicate certificate
[To be executed on non-judicial stamp paper / e-stamp of the required value] INDEMNITY BOND To, [Name of Company / Bank / Society] [Address] I, [Full Name], son/daughter of [Parent's Name], aged [age] years, residing at [Full Address], state as follows: 1. I am the registered holder of [description, for example Share Certificate No. (number), Folio No. (number), Distinctive Nos. (from) to (to) / Fixed Deposit Receipt No. (number) for Rs. (amount)]. 2. The said original [certificate / receipt] has been lost / misplaced, and I have not sold, pledged or transferred it to anyone. 3. At my request, you have agreed to issue a duplicate [certificate / receipt] in my name. 4. In consideration of your doing so, I hereby agree to indemnify and keep indemnified [Name of Company / Bank / Society] against all claims, losses, costs and expenses that it may suffer because of issuing the duplicate, including any claim made by any person holding the original. 5. If the original is found, I will return it to you immediately for cancellation. Signed at [City] on [DD/MM/YYYY]. ____________________ [Full Name] (Indemnifier) Witnesses: 1. ____________________ Name and address: [Witness 1] 2. ____________________ Name and address: [Witness 2]
Ready to eSign your indemnity bond?
Drop your PDF and get it signed with Aadhaar in 2 minutes. Indemnifier + 2 witnesses = ₹45 (stamp duty separate).
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How to eSign online
- 1
Buy e-stamp paper and prepare the bond
Get an e-stamp certificate of the value required in your state. Fill in the institution's indemnity format, add the e-stamp certificate as the first page, and export to PDF.
- 2
Upload to SignYu and add signers
Upload the PDF and add the indemnifier, plus any surety or witnesses the institution asks for.
- 3
Sign with Aadhaar OTP
Each signer signs with an OTP on their Aadhaar-linked mobile. Everyone receives the signed PDF to submit, along with any notarisation the institution requires.