New Microsoft Office Word Document (7) (autosaved).docx

No. 1 Promissory Notes Payable After Date With Interest Nine month after I,……… son of ……. Resident of…. Promise to pay 4Mr.……..son of…….. resident of………or order , the sum of rupees……1(in words, rupees……..)Only, with interest at rate of5 …..present per annum until realization for value received. 3

2

Place …..

2

The …….day of……..20……

7 6

Stamp

Sd/…………..

(Maker or promise to pay)

Key: 1. 2. 3. 4. 5. 6. 7.

The face value of the note ,i.e. , the amount of the note: The date and place where it was prepared; The term of the note , i.e., the duration of the loan; The payee ‘ i.e., the party to whom the payment is promised; The interest rate , i.e., the charge per year for the use of money; The stamp affixed in accordance with the provisions of Indian Stamp Atc 1899; The Maker ,i.e., the person who signs the note and promise to pay.

No. 2 Promissory Notes Payable On Demand On Demand I,……… son of ……. Resident of…. Promise to pay Mr.……..son of…….. resident of………or order , the sum of rupees……(in words, rupees……..)Only, with interest at rate of …present per annum until realization for value received. Place …..

Sd/…………..

The …….day of……..20……

Stamp

(Maker or promise to pay)

No. 3 Promissory Notes Payable After Date Or Sight Without Interest Nine month after Date (demand or sight as the came may be)I,……… son of ……. Resident of…. Promise to pay Mr.……..son of…….. resident of………or order , the sum of rupees……(in words, rupees……..)Only. Place ….. The …….day of……..20……

Sd/………….. Stamp

(Maker or promise to pay)

No. 4 Joint Promissory Notes We,………. son of ……. resident of……..and ………son of ……. resident of…. …, promise to pay Mr.……..son of…….. resident of………, the sum of rupees……(in words, rupees……..)Only, for value received. Place ….. The …….day of……..20……

1.Sd/………….. Stamp

2.Sd/………….. (Signed by joint promise to pay)

No. 4 Joint And Several Promissory Notes Two month after date We,………. son of ……. resident of……..and ………son of ……. resident of…..…, jointly or severally promise to pay Mr.……..son of…….. resident of………, the sum of rupees……(in words, rupees……..)Only. Place ….. The …….day of……..20……

1.Sd/………….. Stamp

2.Sd/………….. (Signed by joint promise to pay)

No. 6 Promissory Notes Payable In Instalments With Enhanced Rate Of Interest On Failer To Pay I,……… son of ……. Resident of…. Promise to pay Mr.……..son of…….. resident of………or order , the sum of rupees……(in words, rupees……..)Only,which I have borrowed as follows: Rupees……(in words rupees…….) with interest at the rate of 12 percent per annum from the date hearof unit repayment by the 5th of next month and the reduce in four instalment with interest at the same rate from the date hereof units repayment by the 5th of each subsequent month. In failure or delay by one week of any instalment the interest shall be charged at the rate of 18 percent per annum on the remaining instalment/ instalments. Place ….. The …….day of……..20……

Sd/………….. Stamp

(Maker or promise to pay)