Stamp duty on deaemand promissory note

DHIREN (Querist) 07 January 2016 This query is : Resolved
Sir let me know the stamp paper required for executing demand promissory note in Gujarat state?

I have taken loan against my own Fixed Deposit in bank. Bank told me to affix non judicial stamp on D.P. (Demand Promissory) Note in bank's format. I oppose for the same but bank manager told that its order from their head office.
Let me give details for Gujarat State.

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ADV-JEEVAN PATIL, MUMBAI (Expert) 07 January 2016
Resistance in affixing stamp required is uncalled for n that to in your interest. Stamps differ stats to state laws

P. Venu (Expert) 08 January 2016
Is there any particular reason or condition for your objection?

Rajendra K Goyal (Expert) 08 January 2016
Promissory note attract stamp fee applicable. Bank is right.

K.S.Srinivas (Expert) 11 January 2016
As per the policy and procedure of the bank, the manager demanded to affix non-judicial stamp. Comply with the instructions of the bank in your interest.

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