(Querist) 31 July 2021
This query is : Resolved
I want to understand if there is a limit on the maximum amount to be mentioned on a promissory note(please click on below link to see it). https://www.amazon.in/Telugu-Promisary-Proof-Borrows-Papers/dp/B08XKJS3YQ
Some people quote there is no limit, and some people claim there is limit of 5 to 10 lakhs.
Also is there is a time limit? Meaning, if we wrote the promissory note dated 21/01/2019, then what is the expiry date for the note?