Common use of DEMAND PROMISSORY NOTE Clause in Contracts

DEMAND PROMISSORY NOTE. CCD-1(B) Rs. ON DEMAND, I/We ................................................................................... promise to pay Axis Bank Ltd. or order, the sum Rs.................................................. (Rupees ....................................... only) together with interest from the date hereof, at percent per annum or such other rate the Bank may fix from time to time, compounding and payable with .........................................................................rests, for value received. Revenue Stamp Place............................................. Date ............................................. On Demand We JOINT & SEVERAL DEMAND PROMISSORY NOTE

DEMAND PROMISSORY NOTE. CCD-1(B) Rs. ON DEMAND, I/We ................................................................................... promise to pay Axis Bank Ltd. or order, the sum Rs.................................................. (Rupees ....................................... only) together with interest from the date hereof, at percent per annum or such other rate the Bank may fix from time to time, compounding and payable with .........................................................................rests, for value received. Revenue Stamp Place............................................. Date ............................................. On Demand We JOINT & SEVERAL DEMAND PROMISSORY NOTE1) 2)