A bond is a formal contract to repay borrowed money with interest at fixed intervals.

According to Sec.2(5) of the Indian Stamp Act, 1899, “Bond” includes –

Any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be;
- Any instrument attested by a witness and not payable to order or bearer, whereby a person obliges himself to pay money to another; and
- Any instrument so attested, whereby a person obliges himself to deliver grain or other agricultural produce to another.

Registration of bond is not compulsory but if a bond by itself creates an interest in immovable property of the value of Rupees One Hundred and more, then its registration will be compulsory. Attestation of the bond should appear on the face of the instrument.

SIMPLE MONEY BOND

I …………… (debtor) son of ………….. residing at……………… hereby hold and firmly bind

myself including my heirs, administrators, executors and assigns to ……………, son of

……………………. residing at ………….. for a sum of Rs……………. (Rupees …………………) only to

be paid to the said……… , his heirs, executors, administrators or assigns, by these presents.

The condition of this bond is that, if the above mentioned………….. , his heirs, executors

or administrators do pay or cause to be paid to the said ……….., his heirs, executors or administrators, the sum of Rs………. only with interest thereon at the rate of …….. percent per annum on the ……………… day of , then the above written bond or obligation shall be void

and of no effect otherwise the same shall remain in full force and value.

Signed and delivered by me at ……………….. this ………………… day of …………. .

Witness Debtor

MONEY BOND WITH SURETY

This Bond is made on the …………….. day of ……………….. between AB son of………….. ,

residing at …………… hereinafter called the DEBTOR and CD son of ……………….. residing at

……….. hereinafter called the SURETY.

WHEREAS XY, son of …….., residing at…………. has this day lent and advanced to AB

a sum of Rs…………… (Rupees …………..) only at the request and on the assurance and guarantee of the said CD, the surety, as to its repayment personally with interest at………………….. % per

annum in case of default on the part of AB.

NOW BY THIS BOND the said AB and CD, hereby and hereunder jointly and severally hold and bind themselves (including their respective heirs, executors, administrators, representatives) unto the said XY his heirs, executors, administrators, representatives and assigns for payment to him or them, the sum of Rs………… only on demand on or before the

………… day of ………… or by installments, with interest at the rate of ……………. percent per annum from the date hereof until such payment.

IN WRITTEN whereof, the said AB and CD have set and subscribed their respective hands on the day, month and year first above written.

In the presence of Signed, sealed and delivered AB

CD

INDEMNITY BOND

This Deed of Indemnity made at …………… on this…… day of 20… by

………………………. Occupation ……………………
Occupation

……………………., (wherever the context so admits or requires shall include their respective heirs, executors, administrators, representatives and assignees) of the one part; in favour of the………. (hereinafter referred to as the Board) of the other part.

Whereas ……………….. , allottee of.. , is willing to get the allotment of the said house

at his/her own in the name of………. and this transfer is a friendly transfer.

Whereas …………………. has agreed to transfer the allotment of ………….. in favour of

……………………..

And whereas …………. has asked the transferor to furnish deed of Indemnity from two independent persons of means for the transfer of the same.

NOW THIS DEED OF INDEMNITY WITNESSETH AS UNDER:-

1. That the said transfer which is being effected in the name of……………. is a friendly transfer

and in case………… would suffer any loss whatsoever on account of this transfer in the name

of the transferee, we shall be liable to make good loss jointly as well as severally which may be sustained by the ………….. or its employees on account of this transfer out of our property both moveable and immoveable.

IN WITNESS WHEREOF the Indemnifiers have hereunto put their respective signatures the day and year first above written.