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INDEMNITY FOR LOST/DESTROYED Check(S) DIVIDEND Citibank P. O BOX 30711 00100 NAIROBI. The Safari com Dividend Check(s) has/have been lost, destroyed or misplaced. I/We request you to stop the below
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How to fill out indemnity for lostdestroyed cheques

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How to fill out indemnity for lostdestroyed cheques

01
Contact your bank: Notify your bank promptly about the lost or destroyed cheques.
02
Fill out the indemnity form: Your bank will provide you with an indemnity form. Fill out the form accurately and completely.
03
Provide necessary documentation: Attach any supporting documents required by your bank, such as a police report or a copy of the lost cheque.
04
Review and sign the form: Carefully review the filled-out form to ensure accuracy. Sign the form to acknowledge your understanding and agreement.
05
Submit the form: Return the completed indemnity form along with any required documents to your bank.
06
Follow up with your bank: Check with your bank regularly to ensure the process is progressing and to inquire about any further steps required on your part.
07
Reissue of cheques: Once the indemnity process is completed, your bank will reissue the lost or destroyed cheques, providing you with new ones.

Who needs indemnity for lostdestroyed cheques?

01
Anyone who has lost or had their cheques destroyed needs indemnity for lost or destroyed cheques. This includes individuals, businesses, and organizations who rely on cheques for financial transactions.
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Indemnity for lost/destroyed cheques is a legal agreement wherein a person (the indemnitor) agrees to compensate the bank or issuer for any loss arising from the payment of a cheque that has been reported as lost or destroyed.
The person who is the payee or holder of the cheque is required to file an indemnity for lost/destroyed cheques to protect against potential claims made on that cheque.
To fill out an indemnity for lost/destroyed cheques, the filer should provide their personal information, details of the cheque including date, amount, payee, and explain the circumstances under which the cheque was lost or destroyed.
The purpose of indemnity for lost/destroyed cheques is to protect the financial institution from liability regarding the payment of the cheque while ensuring that the funds are secured for the rightful beneficiary.
Information that must be reported includes the cheque number, date issued, amount, payee details, and a declaration stating that the cheque is lost or destroyed.
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