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Promissory Note Template

A pro-note is a written promise to pay a specified sum on demand or by a fixed date. Stamp it as per state schedule (usually ₹1 per ₹1,000) — required to be admissible in court.

Borrower / maker

Borrower address

Lender / payee

Lender address

Amount (₹)

Amount in words

Interest rate (% p.a.)

Repayment date

Place

Date

PROMISSORY NOTE

Place: Gurgaon
Date: 2026-05-05

For value received, I, Ramesh Kumar, son/daughter of __________________,
resident of 12, Sector 14, Gurgaon, do hereby promise to pay to Suresh Kumar,
resident of 14, Sector 22, Noida, or order on demand the sum of
₹200000 (Rupees Two Lakh only) together with interest thereon at the
rate of 12% per annum from the date hereof until repayment.

The principal amount shall be repaid on or before 2027-05-04 and
the interest accrued thereon shall be paid along with the principal.

In default of payment of any instalment of interest or the principal
on the due date, the entire balance with interest shall become payable
forthwith.



                                                          Ramesh Kumar
                                                          (Borrower)


Witness 1: ____________________  Signature: ____________________
Witness 2: ____________________  Signature: ____________________