PSB Bank Application forms for deceased claim of Safe Deposit lockers
PSB Bank Application forms for deceased claim of Safe Deposit lockers from Download
This document contains the official bank application procedures and Annexure 17 (Affidavit cum Indemnity Letter) used for settling the claims and releasing the contents of a Safe Deposit Locker belonging to a deceased individual (2150_20231… p. 4).
Key Purpose & Legal Requirements
- Locker Release: The form authorizes the bank to release valuables, jewels, ornaments, or balances held inside the deceased person’s safe deposit locker (2150_20231… pp. 4-5).
- Legal Indemnity: The claimants must sign a binding agreement to fully indemnify and protect the bank, its managers, and officers against any future legal actions, losses, or competing claims made by other parties (2150_20231… p. 5).
- Mandatory Attestation: The final affidavit must be legally attested by a Notary Public (2150_20231… p. 5).
- Stamp Duty: The document must be executed on paper stamped with the appropriate duty payable for affidavits and indemnity bonds (2150_20231… p. 4).
Key Sections of the Form
- Claimant & Deceased Profile: Fields to establish the full names, ages, and exact relationships of the claimants to the deceased locker holder (2150_20231… p. 4).
- Sole Legal Heir Declaration: An absolute affirmation stating that the signing individuals are the only legal heirs entitled to the locker’s contents (2150_20231… p. 4).
- Locker & Account Details: Spaces to specify the precise account numbers, bank branch, and any accompanying credit balances including accrued interest up to the date of settlement (2150_20231… p. 4).
- Representative Authorization: A clause establishing whether the bank should hand over the physical locker items to one specific legal heir acting on behalf of all the heirs (2150_20231… p. 5).
- Execution Block: Structured lines to record the date, signatures of the deponents (claimants), and the names, addresses, and signatures of two independent witnesses (2150_20231… p. 5).
If you need more help with this process, please let me know if you would like me to:
- Explain the difference between Annexure 15 (Nomination) and Annexure 16 (No Nomination) shown in the pages
- List what physical verification steps the bank takes before opening a deceased person’s locker
- Provide guidance on how to estimate the stamp duty required for an indemnity bond
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