Sureties may be waived in the following circumstances. Sumeet Vaid of Ffreedom Financial Planners says while most people file police complaints and place newspaper announcements, they don't follow up with issuers to secure a duplicate, a reason behind the substantial unclaimed money in bank fixed deposits and insurance policies. Follow the right procedure If you lose a document, first file a police complaint. In some cases, banks or housing finance companies misplace the of those who take loans from them. This is nothing but a simple application for duplicate receipt.
An indemnity bond is to be obtained in the prescribed form in all cases. Though misuse of these documents isn't common, as most documents have individual names, without original documents, it is difficult to claim proceeds when the investment matures or for nominees to claim proceeds in case of insurance policies. Just go to the branch and inform them of the issue and they will issue you a new advise at a charge , or you can get it credited to your account if it has matured or through premature closure. Some banks, too, offer this service, albeit for select customers. If a Kisan Vikas Patra is misplaced, one has to approach the local post office.
And, if your insurance policy or bank fixed deposit certificate is lost, you have to approach the branch servicing your policy or in which you have a fixed deposit. She is not sure of how many. Applicants must be properly identified. These vary from state to state. In such cases, the complainant can also approach the consumer court.
So it will be quite difficult for Aruna's friend to collect this data. Second, place announcements in an English newspaper and a vernacular one circulated in the state where the document has been lost. Bank Manager's are usually helpful. The latter is a contract, wherein you promise to make good any loss that may arise in case the original instrument is presented. Approach the right authority If you lose share certificates, you have to approach the company's registered office, even if it is in a different city or location.
I have tried my best to locate it but have failed. She is not sure of the amount etc. This will ensure there is no forgery in future. It is very easy to identify or prove your point that you have a with the bank. Record management companies offer facilities to store both physical and digital documents for Rs 200-2,000. And Whereas at the request of the Party of the First Part the Company has agreed to pay the said amount of Rs. Whereas the Party of the First Part had deposited with the Company a sum of Rs.
But this means every time we need the documents, we have to visit the bank branch concerned. Here's what you can do to mitigate your loss in case you lose the following documents. Stamp Duty shall be borne by the depositor concerned. And because it can cause of some evidences in unexpected circumstances that possible will happen because of carelessness. Kindly, send a letter to the Company at its corporate office at Fixed Deposit Section, Yash Papers Limited, Yash Nagar, Faizabad — 224 135, Uttar Pradesh, India, intimating loss of Fixed Deposit Receipt , along with duly executed indemnity bond on requisite amount of non-judicial stamp paper as per prescribed format provided in the link below. In case are misplaced by a bank, the borrower should also approach the registrar of co-operative societies and give it in writing. Signed and delivered by the withinnamed Party of the First Part Mr.
. It should also provide a suitable indemnity to you and prospective buyers in case you sell your property. And Whereas the said period of the Fixed Deposit has expired and the Party of the First Part had demanded back the amount but he had not been able to produce the original receipt as the same is said to be lost or misplaced. The biggest advantage of digitising documents is you need not worry about carrying copies of these with you. If the bank is satisfied with your statement, it will issue a duplicate copy. Even the loss of seemingly insignificant documents like school leaving certificates can pose a dilemma. This is the procedure if one misplaces important such as or share certificates, life insurance policies, and While saving in a bank locker or digitising these is advisable, these processes aren't followed by many.
Indemnity for Loss of Deposit Receipt Deed of Indemnity is made at. It will definitely help our readers to understand the process to get their money from a mature fixed deposit scheme with no documents. Share certificates of a housing society In the case of share certificates of a housing society, the rules change slightly. Since she stays in a rented house , she gave adress of her parent's house and in some her sister's house. If you lose property documents, you have to approach the sub-registrar of that city. If you don't have relevant details, you will have to apply to the bank for an inspection of records. In all other cases, only a letter of acknowledgement of deposit is given to the depositor.
Third, is your request, like we called the body of the letter, Fourth is your name. Academic certificates In this case, you will again need to lodge a police complaint, but a public notice may not be necessary. Step 2: As soon as this is proved, bank will ask you to write a letter for lost fixed deposit certificate. If there are no objections within a stipulated time frame—ranging from 15 days to one month, depending on the society—you will get your duplicate certificates for a fee of Rs 500-1,000. You have to peruse with the bank. Though the cost of placing a newspaper announcement might, at times, exceed the value of the security, this is a technical requirement, says consumer activist Jehangir Gai, adding unless this is done, one might not be able to secure a duplicate. So you have to make sure that you still have the copy of these receipts.