What is the difference between affidavit and indemnity bond?

Question

is notary public is authorised to attest indemnity bond

Answer 1

simply declare that "Affidavit" is the wrritten statement confirmed by oath........."Indemnity bond" is used for security against loss / exemption from penalities and compensation for damage.......Yes, notary public is authorised to attest I.bond.

Answer 2

Affidavit is covered by Section 3(3) of the General clauses Act.It means  written statement made voluntarily before an officer authorised to administer oaths.It includes affirmation &declaration in the case of persos by law allowed to affirm or declare instead of swearing.Filing of affidavit is a matter of procedure.If a law requirs that facts should be verified by affidavit one has to file the same.It can be sworned befor Judicial or Executive Magistrate, Notary or Oath Commissioner as the law provides.

Indemnity has been defined under Sec. 124 of the Contact Act. It means a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself,or the conduct of any other perso.Since it is formal document it can be attested by Notary Public.

Answer 3

Affidavit is simple and IB is complicated. Affidfavit on 10/- and IB on Rs. 100/-. Affidavit is common and IB is used less. IB is bond to indemnify loss if any to acceptor.

NP is authorised to attest all. There are thousands of fake NP. Tell NP to affix ticket, seal etc.