Indus Comfort : Offer Acceptance Letter

Date:

To
IndusInd Bank Limited.

Sub: Opening of Corporate Salary Accounts of our employees with IndusInd Bank

Dear Mr. / Ms. _________________

We are pleased to inform that after reviewing the offering of Indus Comfort salary programme, we wish to avail the
corporate salary account facility from IndusInd Bank Ltd. for the employees of our organisation.

Given below are details on the number of employees and the average salary (per employee), across the location/s that
we have a presence & basis our current strength.

Total Employees Average Salary

We would like to confirm the following:

1 As salary account holders in your bank, the employees will be eligible for benefits as per salary account type.
2 This acceptance letter is valid for all the present offices of the company as well as for future offices which
may open up in other cities subsequently (in India).
3 We understand that in the event of any of the Terms and Conditions (mentioned below) not being fulfilled,
the bank can withdraw the zero balance Salary Account and other facilities extended by intimating the
individual account holders. The terms and conditions laid below are in addition to the general terms and
conditions governing various facilities offered by the bank and the aforesaid general terms and conditions
specified in IndusInd Banks’ website

Terms and Conditions:

1 Once our employee has opened a salary account with you, his/her salary credit will happen only to the
account specified in your bank, and without prior notification to you, will not be credited elsewhere. In the
event of any of our employees leaving our employment, we shall inform the bank within 30 working days to
enable us to discontinue services, as appropriate.

2 We understand that the bank may choose to offer differentiated products to our employees based on their
net salaries.

3 We understand & acknowledge that the special facilities offered on Indus Comfort salary account are basis
agreement of regular salary credit and in the event of no salary credits in the Indus Comfort salary account
for three consecutive months, the Bank reserves the right to change the status of Salary Account to regular
Savings account by intimating the individual account holders and the Terms & Conditions as applicable to the
IndusInd Bank Savings account shall apply to the account from the date of change of status.

4 The bank reserves the right to review our overall relationship from time to time by intimating the individual
account holders. Bank reserves a right to change the status of Salary accounts to regular savings accounts and
the Terms & Conditions as applicable to the IndusInd Bank Savings account shall apply to the account from
the date of change of status.

5 We agree to credit salaries in all live accounts of employees on a monthly basis.

 6 We understand and acknowledge that in the event any of the deliverables do not reach the individual
employee(s), after delivery of the same to their mailing address(es), AND in such a case there is a consequent
misuse of the same (if any), the responsibility for the same will rest with the individual employees and not
the bank.

7 For the purpose of facilitating the salary account arrangement with the bank, we nominate the officer(s)
whose details are more fully mentioned in Annexure – Authorised Signatory along with sample signature
attested who is authorized/designated to introduce employees and aid for corporate salary relationship and
the bank is hereby authorised to act on the basis of instructions and/or communication in this regard so
received from the said officer(s). If we choose to operate via email instructions, a separate email indemnity
(as per the draft specified by IndusInd Bank) will be submitted.

8 We hereby agree to forthwith intimate to IndusInd Bank in case of any change in Authorised Signatory.
IndusInd Bank shall continue to act on the basis of written instructions and/or communication received from
an Authorised Signatory till the time such change in Authorised Signatory is communicated to IndusInd Bank
and we irrevocably agree that IndusInd Bank will not be held responsible and or liable for any
claims/damages arising out of acting basis such instructions received from the Authorised Signatory.

9 We have read your Terms and Conditions applicable on this offering and agree to abide by the same. We
understand that they can be amended as and when required at the sole discretion of the IndusInd Bank.

10 We agree and acknowledge that other Terms and Conditions of the Corporate Salary Account together with
general terms and conditions as stated on the website of the bank www.indusind.com shall apply.

Sincerely,

Authorised Signatory Signature

Company Stamp
Name____________
Designation ______________

Annexure – Authorised Signatory

To,
IndusInd Bank Limited

Sub: Updation of Specimen signatures of Authorised Signatories in your records

Dear Sir/Madam,

Please find attached the list of Authorised Signatories of Officer(s) from our corporate that have been designated to
introduce the employees and authorize salary account opening with INDUSIND BANK.

SrNo. Name of the person Designation Location Name Specimen Signature

Below are the Authorized Signatories designated to instruct IndusInd Bank Ltd. for Salary Credits in respective Salary
Accounts.

SrNo. Name of the person Designation Location Name Specimen Signature

This is for your records.

Thank you,

Signature
Name:__________________
Designation: _____________

Annexure – Email Indemnity

To,

IndusInd Bank Limited.

This has reference to the ________ 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 accounts or to any
other facilities or services that may be provided by you from time to time) 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 account(s) with you).

Registered Email ID (from which to accept the instructions)

Sr. No. Email ID Contact Person Contact No.

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 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 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

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

a. Authorisation /Confirmation of Identity/address /photograph of such employee whose Salary account is

being opened with IndusInd Bank

b. Request /instructions for sending and receiving the details of Accounts opened for such employees over an
email

c. Any Request for salary upload by debiting our account /our funds and crediting the specific employee
account

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. All such requests arising out of and relating to our company/corporate and the salary accounts of employees

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

Designation: _____________