Used for guarantees or surety where a party agrees to compensate for potential losses.

Simple partnership deeds, Memorandums of Understanding (MOUs), and personal undertakings. Stamp Paper vs. Traditional Bond Paper

In its most literal sense, "bond paper" refers to a high-quality, durable grade of paper originally used for printing government bonds and securities. Today, in legal and administrative contexts, the "100 rupees bond paper" serves as a standardized medium for recording high-stakes agreements. In countries like India, non-judicial stamp papers of this denomination are essential for validating a variety of transactions, including affidavits, indemnity bonds, and declaration deeds.

Most residential leases with a duration of up to 11 months are executed on ₹100 stamp paper.