Q. 44.0( 5 Votes )

What were the different types of Hundi in use by traders in ancient times?

Answer :

The different types of Hundi used by traders in ancient times are as follows-

a. Dhani-jog Darshani: Its function was Payable to any person and there is no liability over who received payment.


b. Sah-jog Darshani: Its function was Payable to a specific person, someone ‘respectable’. Liability over who received payment.


c. Firman-jog Darshani: Here Hundi was made payable to order.


d. Dekhan-har Darshani: Its function was to Payable to the presenter or bearer.


e. Dhani-jog Muddati: It was Payable to any person and there was no liability over who received payment, but payment over a fixed term.


f. Firman-jog Muddati: Here Hundi was made payable to order following a fixed term


g.


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