Hamdani 11 December 2019
G.L.N. Prasad (Retired employee.) 12 December 2019
A promissory notice is a negotiable instrument duly stamped is documentary evidence that a lender has advanced certain amounts to borrower with certain interest rate and terms of repayment. It has to be duly stamped with Rs.0-25 revenue stamp wherein the lender promises to refund and gives a discharge through receipt of the stated amount by signing across the revenue stamp. It is a bonafide proof of lending to the borrower and is documentary evidence.
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