Indemnity Bond: Meaning, Format & How to Make One

Indemnity Bond Meaning Process – SK Document Centre

Short answer: An indemnity bond is a written promise to compensate another party for any loss caused by a specific act or event, such as issuing a duplicate certificate. It is printed on stamp paper of the value set by state law, signed by the person giving the indemnity (and witnesses or a surety where required), and notarised.

If you searched for an indemnity bond near me, a bank, university, housing society or employer has probably asked for one.

When it is asked for

Duplicate marksheets, degrees or share certificates
Claiming a deceased person’s bank balance or investments
Lost documents
Releasing goods or documents without originals
Employment bonds and undertakings

What it contains

Names of the indemnifier and the party indemnified
The event or act covered
The promise to compensate any loss
Surety details, if required
Signatures, witnesses and date

How to make one

Get the format from the institution, if it has one
Generate e-stamp paper of the correct value
Draft and print the bond
Sign before a notary, with witnesses or surety if required

Indemnity bond vs affidavit

An affidavit is a sworn statement of facts. An indemnity bond is a promise to make good a loss. Institutions often ask for both together, for example for a duplicate certificate.

Need an indemnity bond today? Send a photo of the document or the instruction you received on WhatsApp or call +91 93109 70010. We tell you the exact process, time and charges before you spend anything.

Frequently asked questions

What is an indemnity bond?

A written promise to compensate another party for loss caused by a specified act or event.

Does an indemnity bond need stamp paper?

Yes, of the value set by state law.

Does it need notarisation?

Usually yes.

How long does it take?

Usually the same day.