INDEMNITY BOND (to be stamped at the place of execution and as per the

stamp duty applicable at such place)

III B!N" #TD$
orporate Office%
Bandra "urla omplex%
Bandra (East)% Mumbai &'' '()
Dear *ir%
!s per the terms and conditions of the III Business #eadership +ro,ramme
for MB! (Ban-in, . /inance) course in NIIT 0ni1ersity at Neemrana% 2hich
course% I ha1e duly accepted and 3oined% re4uired me to execute an
Indemnity% 2hich I do herein$ I understand that this +ro,ramme 2ill impart an
extensi1e trainin, in the area of Ban-in, . /inance$
I am a2are that for effecti1e conduct of the t2o years of the speciali5ed
+ro,ramme% III Ban- 2ould be ma-in, substantial in1estment in me for
e4uippin, me 2ith the rele1ant professional s-ill% -no2led,e and also to
enhance upon my ability to apply such ,ains in dischar,e of my duties on
successful completion of the +ro,ramme$
In consideration of the abo1e% I am a,reeable and hence hereby underta-e% if
for any reason% I choose to discontinue 2ith the +ro,ramme durin, the tenure
of t2o years% I hereby underta-e to reimburse the entire loan amount of 6s$
&%('%'''78( 6upees /our #a-h /ifty Thousand only) alon, 2ith the interest at
the rate of )(9 p$a$ from the date of disbursal till the date of discontinuation%
and thereafter interest at the rate of :&9 p$a$ till repayment of the loan
amount in full$ !lso% I underta-e to reimburse the entire amount of stipend
recei1ed from the Ban- durin, the course of +ro,ramme$
I am further a,reeable and hereby underta-e to 2or- 2ith III Ban- for a
minimum period of three years post successful completion of t2o years of the
speciali5ed +ro,ramme$ I further a,ree and underta-e% if for any reason% I
choose to discontinue 2ith the ser1ices of III Ban- before completion of
three years of ser1ice 2ith III Ban- due to any reason 2hatsoe1er% I 2ill be
liable to pay an amount of 6s$ :%'''%'''78(6upees T2enty #a-h only) by the
last 2or-in, day at III Ban-$ ! rate of interest of :&9 p$a$ 2ill be char,ed
on the outstandin, for any delay in payment since the last 2or-in, day till the
date of settlement of dues$ I am a2are that till such payment is duly made by
me% I 2ill not be entitled to ,et a relie1in, letter from III Ban-$
I also a,ree to hold III Ban- indemnified and sa1ed harmless for the
discontinuation of the trainin,7ser1ices for any reason 2hatsoe1er in the
e1ent as described abo1e and I 2ill not ha1e any claim a,ainst III Ban- on
any count$
;Name of the applicant<
;+ermanent address of the applicant<
*i,nature of the !pplicant
+lace=
Date=
Names and addresses of >itnesses
)$
:$