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A good promissory mention is a file that has had most of the information about another exchange or borrowing

A good promissory mention is a file that has had most of the information about another exchange or borrowing

Promissory note structure when you look at the Asia

  1. The main count,
  2. Rate of interest (or no),
  3. Giving venue and you can time,
  4. Readiness big date, and you will
  5. Drawer’s trademark.

Given below try a standard format, inside a bona-fide promissory note the details may vary with factors and you will affairs. You can also refer here to own a detailed that.

I, Sri. ___________________________ S/o. _____________________ pledge to spend Sri. _______________________ S/o. _____________________ or buy, towards demand, the sum of Rs. _____________ (Rupees ______________ only) with interest at the rates from _________ percent per annum regarding the day of them presents, to have really worth acquired.

Read moreA good promissory mention is a file that has had most of the information about another exchange or borrowing