Draft of Promissory Note

PROMISSORY NOTE

 

I (Borrower) ________________ s/o. ______________ r/o____________________ promise to pay to Shri____________________ a sum of Rupees__________________ for value received with interest from this date at ______ % per annum on or before _________. I undertake to pay the interest amount on or before 7th day of each English calendar till the total amount is repaid.

 

Executed on this ____ day of ______ 2024.

 

                                                                        Revenue Stamp

 

Name

         Address of borrower