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Notices & Agreements₹299 + 18% GST

Promissory Note

A simple written promise to repay a sum

A promissory note under the Negotiable Instruments Act, 1881 — an unconditional written promise by the maker to pay a certain sum to the payee, on demand or on a fixed date, with or without interest. Simple, enforceable evidence of a debt.
What you'll need to provide
  • Maker / borrower name (who promises to pay)
  • Maker address
  • Payee / lender name (to be paid)
  • Amount (₹)
  • Interest rate (% p.a.) — if any
  • Payable
  • Due date (if fixed)
  • Place of execution
A preparation aid — not legal advice. This document is drafted from the details you provide. Please have it reviewed and validated by a competent lawyer before you sign, serve, file or rely on it. MSME Prime does not replace a lawyer.