Indemnity from bank employee for transfering of funds without obtaining proper authentication

yogi (Querist) 07 February 2013 This query is : Resolved
Dear Sir,
Branch Manager of Bank has confessed that he has allowed transfer of funds, cash withdrawal from the account holders account under oral instructions of the account holder and or allowed on voucher self signed and not obtained cheque or any valid instrument from the account holder for such transactions. Needs to obtain indemnity from the employee for any liability arising from such transactions. Can anyone please provide such indemnity draft

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Guest (Expert) 07 February 2013
All banks have their own prescribed indemity bond forms. Please check with the concerned bank branch or its zonal HQ.

However, if they don't have any such form, you may better hire services of some professional to prepare that for you.

R.K Nanda (Expert) 07 February 2013
agree with Dhingraji.

yogi (Querist) 07 February 2013
if you can provide few important points/clauses to secure banks liability arising out of such transactions will be of great help