Understanding and submitting indemnity bonds when required is crucial for hassle-free property transactions and electricity service transfers in Bangalore.

Indemnity Bond:

  • A legal document guaranteeing compensation for losses or damages.
  • Used by BESCOM to protect against legal and financial risks during property transfers.

Purpose of Indemnity Bond:



  • Ensures smooth electricity connection transfers.
  • Protects BESCOM from disputes and liabilities.

When an Indemnity Bond is Required:

  • Property ownership transfer.
  • The original owner is unavailable.
  • Legal or ownership disputes.

Obtaining an Indemnity Bond:

  • Identify the requirement.
  • Choose an authorized vendor.
  • Prepare required documentation.
  • Submit bond to BESCOM for approval.

Key Clauses in Indemnity Bond:

  • Liability clause.
  • Compensation clause.
  • Duration of the bond.

Benefits of Submitting Indemnity Bond:

  • Ensures smooth electricity connection transfer.
  • Provides legal protection.
  • Avoids financial liabilities.

Common Mistakes:

  • Incorrect information.
  • Missing documentation.
  • Using unauthorized vendors.

Additional Points:

  • Consult with legal experts for any doubts or concerns.
  • Ensure the bond is valid for the required duration.
  • Keep a copy of the bond for your records.

Following these guidelines, you can obtain and submit an indemnity bond to BESCOM.

Would you like to explore any specific aspect of indemnity bonds in more detail?