Annexure – Email Indemnity

To,

IndusInd Bank Limited.

This has reference to the salary account arrangement between us.

Notwithstanding anything to the contrary contained in any other document / agreement, I/ We, the
undersigned, hereby request and authorize you to act and rely on any instructions or communications for
any purpose (including but not limited to the instruction / communications pertaining to the operation of
all my / our salary accounts which may from time to time be or purport to be given by email by me / us
including such instructions / communications as may be purported to be given by those authorized to
operate my / our salary account(s) with you) .

Registered Email ID (from which to accept the instructions)

S.No. Location/Site Email ID Contact Person Contact No.

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This Indemnity shall be applicable only for instructions arising on account of the following actions

a. Authorisation /Confirmation of Identity of such employee whose Salary account is being opened
with IndusInd Bank

b. Request /instructions for sending and receiving the details of Accounts opened (account opening
report sent for employee a/c opened ) for such employees over an email

c. Any Request for salary upload by debiting our account as per our salary a/c operation
specified /our funds in IndusInd a/c sent through NEFT/ RTGS/ any other mode and crediting
the specific employee account . The instructions signed by the signatories should be attached
in the email.

d. Requests/Information intimating the bank as regards dismissal/resignation/separation of employee

from our company and consequent conversion of the salary account to normal savings account.

e. Any address change request for employee a/c where communication address is company’s address citing
change in the place of operation of the corporate. The company can give instruction in such scenario for all
employees in bulk over email. We understand that in such scenario we will also provide proof of change of
address of the corporate.
We understand and acknowledge that there are inherent risks involved in sending the instructions to you
via emails and hereby agree and confirm that all risks shall be fully borne by me / us and I / we assume full
responsibility for the same, and We shall not hold the Bank liable for any losses or damages including legal
fees arising upon your performing or your non performing or any delay /default in performing any act ,
wholly or in part in accordance with the instructions so received which could be a result of any
miscommunication, or technological error beyond the control of the Bank considering the mode in which
the same was conveyed

In view of you agreeing, subject to the terms and conditions hereunder, to act upon the instructions as
aforesaid, We hereby irrevocably agree and undertake:

That the Bank shall be entitled to act as the Bank deems see fit, without incurring any liability whatsoever
to us or to any other person, upon any instructions for any purpose as defined in points a. to e. above
which may from time to time be or purport to be given by email by me / us (including such instructions as
may be or purported to be given by those authorized to operate my / our salary account (s) with you),
even if such instructions or communications are not followed up by written confirmation to the Bank.

That the instructions shall be conclusively presumed for your benefit to be duly authorized by and legally
binding on me / us, and I / We shall be fully responsible for the same.

You shall not be responsible to ensure the authenticity, validity, or source of any instructions and shall not
be liable if any instructions turned out to be unauthorized, erroneous, or fraudulent.

We undertake to indemnify you and keep you indemnified from and against all claims either by us or any
other third party, against any liabilities, and charges, damages, and consequences arising which may be
brought or preferred against the Bank by reason or on account of the Bank having so acted in accordance
with our instructions and the terms of this letter.

That I/we shall duly inform the bank about any change in the communication i.e. Change in email id, etc.
and further indemnify the bank against any miscommunication, error, loss and damage monetary and
otherwise caused to the bank due to the same

That I / we confirm that I / we have the capacity and authority to accept this document and that this
document constitutes our valid, legal effective and enforceable obligation.

That this undertaking cum indemnity letter shall be governed and construed in accordance with the laws of
India and I /we hereby submit to the exclusive jurisdiction of the courts in Mumbai.

This undertaking is an irrevocable letter and binding on my / our heirs and assigns.

Yours faithfully,

Signature
Name : _________________________ Company Stamp