Post Office NC61-Bond of Indemnity
Post Office NC61-Bond of Indemnity from Download
Here are the key points for the Department of Posts Form NC-61 – Bond of Indemnity:
Purpose & Specific Trigger
- Missing Official Records: Specifically triggered when the original application for purchase is missing from the post office records (10048k32l5… p. 1).
- Dual Functionality: Used either to discharge (cash out) the original certificates or to issue duplicate certificates (10048k32l5… p. 1).
- Condition of Coverage: Applicable if the physical certificates are lost, misplaced, spoilt, destroyed, defaced, or mutilated (10048k32l5… p. 1).
Holder Declarations & Requirements
- Sole Entitlement: The holder must declare sole entitlement to the certificate funds (10048k32l5… p. 1).
- No Legal Encumbrances: The applicant must confirm the certificates have not been sold, pledged, transferred, or attached by any Court of Law (10048k32l5… p. 1).
- Witness Verification: The execution of the bond requires the signatures of two distinct witnesses (10048k32l5… p. 2).
Cost & Liability Terms
- Stamp Duty Exception: Uniquely, this bond is executed at the request and cost of the Government of India, which agrees to pay and bear the stamp duty (10048k32l5… p. 2).
- Full Indemnity: Binds the holder and their heirs to protect the President of India against any future legal actions, losses, or duplicate payout expenses (10048k32l5… pp. 1-2).
Accepting Authority
- Competent Officials: Acceptance is restricted to specific higher authorities on behalf of the President of India (10048k32l5… pp. 1-2).
- Eligible Designations: Must be approved by a Gazetted Postmaster or the Head of the Postal Division (10048k32l5… pp. 1-2).
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