Hundi

Dear,

Now a days hundis are rarely used. So there would be very few people who might be having knowledge on this.

Hi Cepee

Basically Hundi is not in used currently however a lot of businessman uses it

The performa of Hundi is as under:

I proprietor/partner/director of M/s Leela Chemical has taken a loan of Rs 500000 from Asha Chemicals on today 22.07.2009 @ 1.5% per month.

i promise to pay this loan on 22.11.2009.

Thank You