The hundies are written in Indian languages and
Chapter 8: Bill of Exchange · ACCOUNTANCY · EN medium
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have a large variety (refer box1). Box Hundies and its Types There are a variety of hundies used in our country. Let us discuss some of the most common ones. Shahjog Hundi : This is drawn by one merchant on another, asking the latter to pay the amount to a Shah. Shah is a respectable and responsible person, a man of worth and known in the bazaar. A shah-jog hundi passes from one hand to another till it reaches a shah, who, after reasonable enquiries, presents it to the drawee for acceptance of the payment. Darshani Hundi : This is hundi payable at sight. It must be presented for payment within a reasonable time after its receipt by the holder.
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have a large variety (refer box1). Box Hundies and its Types There are a variety of hundies used in our country. Let us discuss some of the most common ones. Shahjog Hundi : This is drawn by one merchant on another, asking the latter to pay the amount to a Shah.
Shah is a respectable and responsible person, a man of worth and known in the bazaar. A shah-jog hundi passes from one hand to another till it reaches a shah, who, after reasonable enquiries, presents it to the drawee for acceptance of the payment. Darshani Hundi : This is hundi payable at sight. It must be presented for payment within a reasonable time after its receipt by the holder.
It is similar to a demand bill.
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