The Non-Refundable Deposit Form serves as a crucial document in Indian business transactions where a party needs to secure a commitment through a non-returnable payment. This document is commonly used in various scenarios such as property bookings, service reservations, or product pre-orders. It provides legal protection for both the deposit-taking party and the depositor by clearly outlining the terms of the deposit, its non-refundable nature, and the circumstances under which it applies. The form must comply with Indian contract law principles, particularly the Indian Contract Act, 1872, and may need to be stamped as per state-specific stamp duty requirements. It's essential in preventing disputes and establishing clear expectations regarding the deposit's treatment.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Details of the party making the deposit (Depositor) and the party receiving the deposit (Recipient), including full legal names, addresses, and contact information
2. Background: Brief context explaining the purpose of the deposit and the transaction it relates to
3. Definitions: Key terms used in the document, including 'Deposit', 'Transaction', 'Effective Date'
4. Deposit Details: Specific amount of the deposit, payment method, and deadline for payment
5. Non-Refundable Declaration: Clear statement of the non-refundable nature of the deposit and specific circumstances under which it will be forfeited
6. Purpose of Deposit: Detailed explanation of what the deposit is securing and how it will be applied to the final transaction
7. Acknowledgment: Confirmation that both parties understand and agree to the non-refundable nature of the deposit
8. Execution: Signature blocks for all parties and witness requirements
1. Conditions Precedent: Any conditions that must be met before the deposit becomes non-refundable - use when there are specific prerequisites to the agreement taking effect
2. Payment Schedule: Include when the deposit is to be paid in installments rather than as a single payment
3. Related Transaction Details: Additional details about the main transaction the deposit relates to - include when the deposit is part of a larger transaction
4. Force Majeure: Include when there's a need to address extraordinary circumstances that might affect the deposit arrangement
5. Dispute Resolution: Include for high-value deposits where specific dispute resolution procedures need to be outlined
6. Notices: Include when formal communication procedures need to be established between parties
1. Schedule 1 - Payment Details: Detailed breakdown of the deposit amount, payment method, and bank account details
2. Schedule 2 - Identity Proof: Copies of identity documents of the parties as required by law
3. Appendix A - Main Transaction Summary: Brief overview of the main transaction to which the deposit relates
4. Appendix B - Terms and Conditions: Any additional terms and conditions specific to the deposit arrangement
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Hospitality
Events and Entertainment
Construction
Manufacturing
Education
Professional Services
Automotive
Travel and Tourism
Relevant Teams
Legal
Sales
Business Development
Operations
Finance
Compliance
Customer Service
Administration
Property Management
Contract Management
Relevant Roles
Legal Counsel
Sales Manager
Business Development Manager
Property Manager
Contract Administrator
Compliance Officer
Real Estate Agent
Operations Manager
Finance Manager
Company Secretary
Customer Service Manager
Project Manager
Find the exact document you need
Deposit Letter
An Indian banking document that confirms and details the terms of a deposit arrangement between a financial institution and depositor, compliant with RBI regulations.
Download
Auto Deposit Form
An Indian banking form for establishing automatic deposit arrangements between accounts, compliant with RBI guidelines and Indian banking regulations.
Download
Security Deposit Dispute Letter
A formal letter used in India to address and resolve disputes regarding rental security deposits, operating under Indian property law and state-specific rent control regulations.
Download
Online Direct Deposit Form
An electronic authorization form for setting up direct deposits in India, compliant with RBI guidelines and Indian banking regulations.
Download
Term Deposit Account Opening Form
An Indian banking document for opening term deposit accounts, complying with RBI regulations and establishing the deposit agreement between bank and customer.
Download
Security Deposit Refund Agreement
An Indian law-compliant agreement documenting the terms and conditions for refunding a security deposit between parties, including payment terms and mutual releases.
Download
Deposit Account Opening Form
An RBI-compliant account opening form used by Indian banks to establish banking relationships and capture customer information as per regulatory requirements.
Download
Non Refundable Deposit Form
A legal document under Indian law that establishes the terms and conditions of a non-refundable deposit between parties.
Download
Rental Bond Receipt
An Indian legal document acknowledging receipt of security deposit payment from tenant to landlord, governed by state rental laws.
Download
Earnest Money Agreement Form
An Indian legal document that formalizes earnest money deposits in property transactions, outlining terms and conditions under Indian contract law.
Download
Employer Direct Deposit Form
An Indian-compliant authorization form for setting up automatic salary deposits to employee bank accounts through electronic transfer systems.
Download
Direct Withdrawal Form
An Indian-compliant banking form that authorizes regular automated withdrawals from a bank account, following RBI guidelines.
Download
Bank Withdrawal Form
An Indian banking document used for processing withdrawals from bank accounts, compliant with RBI regulations and banking laws.
Download
Earnest Money Receipt
An Indian legal document acknowledging receipt of earnest money deposit in property transactions, governed by Indian contract law and state property regulations.
Download
Business Direct Deposit Form
An Indian banking document that establishes direct deposit arrangements for businesses, compliant with RBI regulations.
Download
Security Deposit Refund Letter
A formal document used in India for processing and documenting the return of a tenant's security deposit, in compliance with Indian property laws.
Download
Deposit Receipt
An Indian banking document acknowledging receipt of funds from a depositor, issued in compliance with Indian banking regulations.
Download
Certificate Of Deposit
An RBI-regulated negotiable financial instrument issued by Indian banks evidencing a time deposit with specified terms and conditions.
Download
Recurring Deposit Form
An Indian banking form for setting up a recurring deposit account, compliant with RBI regulations and Indian banking laws.
Download
Fixed Deposit Receipt
An Indian banking document evidencing a time deposit, containing deposit details and terms, governed by Indian banking laws and RBI guidelines.
Download
Fixed Deposit Form
An Indian banking document for establishing term deposits, governed by RBI regulations and banking laws, detailing deposit terms and customer information.
Download
Direct Deposit Form
An Indian-compliant authorization form for establishing direct deposit of salary or wages from employer to employee's bank account.
Download
Security Deposit Return Form
An Indian legal document formalizing the return of security deposits from landlords to tenants, governed by Indian property law and state rent control acts.
Download
Security Deposit Refund Form
An Indian legal document formalizing the return of a security deposit from a landlord to a tenant, compliant with Indian property laws.
Download
Security Deposit Agreement Form
An Indian law-compliant agreement establishing terms and conditions for managing security deposits between parties, including deposit handling, maintenance, and return procedures.
Download
Itemized Security Deposit Deduction Letter
An Indian jurisdiction-compliant formal letter detailing itemized deductions from a tenant's security deposit, including specific amounts and explanations for each deduction.
Download
General Direct Deposit Form
An Indian-compliant legal document authorizing automatic electronic fund transfers from a payer to a recipient's bank account.
Download
Earnest Money Form
An Indian legal document formalizing earnest money deposits in business transactions, governed by the Indian Contract Act of 1872.
Download
Direct Deposit Request Form
An Indian-compliant form for setting up automated electronic fund transfers to designated bank accounts, following RBI regulations and banking laws.
Download
Deposit Application Form
An RBI-compliant form used by Indian financial institutions to process and document customer deposits, establishing the legal deposit relationship.
Download
Depositor Account Title Direct Deposit Form
An RBI-compliant form used in India to establish and authorize direct deposit arrangements between account holders and financial institutions.
Download
Direct Deposit Rent To Landlord Form
An Indian legal document authorizing automatic electronic rent payments from tenant to landlord, compliant with Indian banking and property laws.
Download
Itemized Security Deposit Deduction Form
An Indian legal document detailing itemized deductions from a tenant's security deposit, compliant with state-specific rental laws and regulations.
Download
Check Deposit Receipt
An Indian banking document that serves as official proof of check deposit, governed by Indian banking regulations and the Negotiable Instruments Act.
Download
Direct Deposit Receipt
An Indian banking document that serves as official proof of deposit into a bank account, compliant with RBI guidelines and banking regulations.
Download
Earnest Money Deposit Form
An Indian jurisdiction document formalizing earnest money deposits, outlining payment terms and conditions for various commercial transactions.
Download
Earnest Money Deposit Bank Guarantee
An Indian law-governed bank guarantee that serves as security for tender participation, where a bank guarantees payment of the earnest money deposit on behalf of a bidder.
Download
Fixed Deposit Letter
An Indian banking document that confirms and details the terms of a fixed deposit account, governed by Indian banking regulations and RBI guidelines.
Download
Deposit Agreement Form
An Indian law-governed agreement establishing terms and conditions for depositing funds with a financial institution, including deposit details, interest rates, and withdrawal terms.
Download
Bank Direct Deposit Form
An Indian-compliant banking form that authorizes automatic electronic transfers into a designated bank account, following RBI regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)