PUNJAB & SIND BANK,

H.O. Security Department

1st Floor, Bank House, 21- Rajendra Place,
New Delhi 110125.
Tel. No: 011- 25753697 Fax no: 25753347; E-Mail : ho.security@psb.org.in
-----------------------------------------------------------------------------------------------------------SECURITY CIRCULAR NO : 01/2015
Dated: April 6, 2015
Code No. of the Department : H 9022
No. of Pages : 02
Running Circular no. of the Bank: __ /2015-16 ( To be given by HO GA Deptt.)
-----------------------------------------------------------------------------------------------------------ALL CONTROLLING OFFICES/BOs/CCs/STC

REG: BANKERS INDEMNITY POLICY FOR INSURANCE OF CASH IN PREMISES

AND CASH IN TRANSIT FOR THE FINANCIAL YEAR 01.04.2015 TO 31.03.2016.
It is to inform you that H.O. Security Department has taken the above policy to insure Cash in Bank
Premises, Cash in Transit and cash loaded in ATMs for the Financial year 01.04.2015 to 31.03.2016.
The particulars of the said Policy are as under :Nomenclature of the Policy

BANKERS INDEMNITY POLICY

Policy Details No

31040046150400000001 from
01.04.2015
to
31.03.2016.
THE NEW INDIA ASSURANCE CO LTD.
Connaught House(310400),E-9, Connaught House,
IInd floor, Connaught Circus, New Delhi-110058.
TeleNo: 011:23416030, 23415157,Fax:23416030.
E-mail: nia.310400@newindia.co.in
CASH AT PREMISES Rs. 1,00,00,000/-. and
CASH IN TRANSIT for Rs.3,00,00,000/- .
CAPEX MODEL ATMs : Rs. 50,00,000/- each machine.

Policy Issued by

Sum insured

Please note under no circumstances the overall limit for cash carrying in one trip should exceed Rs. Two
Crore so as to be within the limits of the policy taken. Further, remittance upto Rs.Twenty Five lacs
should be escorted by one Armed Guard and remittance of above Rs. Twenty five lacs to Rs. Two Crore
should be escorted by two armed guards.
If the cash is more than Rs. Two Crore then more than one trip should be made. In any case cash more
than Rs. Two Crore should not be carried at one time.
For the place having high crime profile, particularly the North East, J&K and Naxalite prone area the
maximum cash carrying limit in one trip by cash van should be Rs. 75.0 lac only.

--2

REG: BANKERS INDEMNITY POLICY FOR INSURANCE OF CASH IN PREMISES

AND CASH IN TRANSIT FOR THE FINANCIAL YEAR 01.04.2015 TO 31.03.2016.
Cash above Rs. 50 Lacs be remitted through Cash Van only.
Other precautions enumerated in Head Office Security Department's Circular / Circulatory letter(s)
issued from time to time, including No.1/93 dated 16.03.1993, 1/96 dated 07.02.1996, 1/2006 dated
11.08.2006 and as stipulated in Security Compendium 2000 be strictly adhered to.
Please note the contents carefully for compliance.

ASSTT. GENERAL MANAGER (SECURITY).

INSURANCE CLAIM FORM ENCLOSED

THE NEW INDIA ASSURANCE COMPANY LIMITED

Regd & Head Office : New India Assurance Building,
87, Mahatma Gandhi Road, Bombay 400 001.
BANKER'S INDEMNITY INSURANCE
CLAIM FORM
(The Issue of this form is not to be taken as an admission of Liability)
Question to be answered by the Claimant
1.
2.
3.

4.

(For Office Use)

Policy No.
_________

Name of Insured (in full)

Address
How exactly did the loss occur?
Note:
Full and detailed particulars must be given and if this space is not
sufficient a separate sheet giving the necessary particulars must be
attached.
A full and detailedstatement of all the transactions involved in the loss
(stating their dates, nature and amount) must also be attached.
When and how was the loss discovered?

5.

Give the names, occupations and address of all persons directly or

indirectly connected with the loss.

6.

If any of your employee or employees is / are involved in the loss state

what cash or other security of moneys if any, you hold from each of them.

7.

Give as many particulars as are known to you of the financial

circumstances of each of the persons concerned in the loss.

8.

Do any of the persons involved hold any property? If so, give full
particulars.

9.

Has the loss been reported to the Police? If so when and where? If not,
why not?
Note: A copy of any statement made to the Police must be attached.

10.

What action have you or the Police taken in the matter with a view to
recovering or minimizing the loss?

11.

Do you have other insurance covering the same risk? If so, give full
particulars.

12.

Have you ever before sustained any loss of the same or similar nature?
If so, give full particulars.

I/We the above named, do hereby to the best of my / our knowledge and belief warrant the truth of the foregoing statement in every
respect and I / We agree that if I / We have made, or in any further declaration the Company may require in respect of the said loss
shall make any false or fraudulent statement, or any suppression or concealment my / our claim shall be absolutely forfeited, and
the Policy shall thenceforth be null and void.

Date : Place ..
Signature of Claimant
Witness : & Address :