Promissory Note Payable on Demand

Promissory Note Payable on Demand

Rs. ………………                                                                                               Date

On demand (or at sight, or, on presentation), I promise to pay to AB (or, to AB or order) the sum of Rupees ……………… (Rs. ………) only, with interest at the rate of 18 per cent per annum until payment, for value received.

CD        (Debtor)