LEGAL HEIR UNDERTAKING ON THE DEATH OF A BORROWER
Date: 2 April 2026
To ABC Bank Ltd, Sector 17, Chandigarh. Loan: HL-2026-118; original/relevant amount ₹90,00,000 (Rupees Ninety Lakh only). Existing borrower record: Aarav Sharma, Sector 21, Panchkula.
Deceased borrower: Harpreet Sharma, died 1 April 2026, death certificate DTH/2026/118.
Heir giving undertaking: Aarav Sharma, Sector 21, Panchkula.
SUCCESSION
Status: Natural heirs identified; succession documents being collected. Other known heirs/claimants: Naina Sharma, spouse; Rohan Sharma, son..
INTERIM LOAN PLAN
Existing account will continue to be serviced from available estate/family funds. Documents submitted: Death certificate, legal-heir certificate application, insurance policy copy..
LIABILITY BOUNDARY
Heir does not assume personal borrower liability merely by reporting death or preserving the account. This undertaking does not itself novate the loan, transfer property title or release the lender's existing security.
SIGNATURE
______________________________
Signature
Heir: Aarav Sharma
Place: ____________________
Date: 2 April 2026
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to notify the lender of the borrower's death and administer succession, servicing and documentation without unintended personal assumption of debt, communicate about that purpose, verify expressly supplied lending, identity and property information, and retain an evidentiary transaction record.
The record will be held by Kagaznama and may be shared only with the borrower, co-borrower, guarantor, lender, authorised professional, registering or revenue authority, Central Registry/CERSAI-related service, insurer or other person directly involved in the stated credit or security transaction.
If the transaction is withdrawn, refused or cancelled, personal data will be retained for 90 days and then erased. If the transaction proceeds, the record will be retained for the loan/security term plus 12 months, except where a named statutory or regulatory record-retention period requires longer retention.
A person named here may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and respond within 30 days.
Data minimisation: this document does not collect full Aadhaar numbers, Aadhaar-card copies, passwords, PINs, OTPs or unrelated bank credentials, and none should be written into it. Use masked account/identity references where an identifying reference is genuinely necessary.