Promissory note cash transaction limit
2 years ago
Sir, I want to give money to other party on interest, what is the limit of cash transaction and interest rate for promissory note.
A.Dear Client,
All Promissory Notes are valid only for a period of 3 years starting from the date of execution, after which they will be invalid. There is no maximum limit in terms of the amount which can be lent or borrowed. The issuer/lender of the funds is normally the one who will hold the Promissory Note. Let us know if you require any further clarifications.
Thank you!
All Promissory Notes are valid only for a period of 3 years starting from the date of execution, after which they will be invalid. There is no maximum limit in terms of the amount which can be lent or borrowed. The issuer/lender of the funds is normally the one who will hold the Promissory Note. Let us know if you require any further clarifications.
Thank you!
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