Common use of DEMAND PROMISSORY NOTE Clause in Contracts

DEMAND PROMISSORY NOTE. ON DEMAND, I / We, , jointly and severally promise to pay to AXIS BANK LTD. or order, the sum of 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 daily/monthly/ quarterly rests, for value received. X Borrower Stamp Place : ................................................... Date : ................................................... The borrower has to sign across the revenue stamp & DP note. X (Signature of the borrower) .......................................................................................................................................................................................................................................

DEMAND PROMISSORY NOTE. ON DEMAND, I / We, , ,................................................................................................................................................................................................ jointly and severally promise to pay to AXIS BANK LTD. or order, the sum of Rs...........................................(Rupees. Rs .........................................(Rupees ............................................ ...............................................................................................................only ) together with interest from the date hereof, at at. percent per annum or such other rate the Bank may fix from time to time, compounding and payable with daily/monthly/ monthly/quarterly rests, for value received. X Borrower Stamp Place : ................................................... Date : ................................................... Co-borrower Co-borrower STAMP STAMP STAMP The borrower / Co-Borrower has to sign across the revenue stamp & DP note. X (Signature of the borrower) .......................................................................................................................................................................................................................................note Place ...................................................................... Date ....................................................................... CUSTOMER COPY

DEMAND PROMISSORY NOTE. ON DEMAND, I / We, , ,................................................................................................................................................................................................ jointly and severally promise to pay to AXIS BANK LTD. or order, the sum of Rs...........................................(Rupees. Rs .........................................(Rupees ............................................ ...............................................................................................................only ) together with interest from the date hereof, at at. percent per annum or such other rate the Bank may fix from time to time, compounding and payable with daily/monthly/ monthly/quarterly rests, for value received. X Borrower Stamp Place : ................................................... Date : ................................................... Co-borrower Co-borrower STAMP STAMP STAMP The borrower / Co-Borrower has to sign across the revenue stamp & DP note. X (Signature of the borrower) .......................................................................................................................................................................................................................................note Place ...................................................................... Date .......................................................................