Demand Promissory Note

 

On demand I/we ____________, ____________ and ____________ jointly and severally promise to pay

____________ Bank, _________________ or order the sum of Rupees ____________ with interest at the rate of _____ per cent per annum above the Reserve Bank of India rate subject to minimum rate of interest of __________ per cent per annum with quarterly rests for value received.

 

 

For ____________,

____________,

_____________

Partners

 

 

 

Dated ____________