SITEMAP FAQs GLOSSARY OTHER  LINKS CONTACT  US  
  ABOUT  US NOTIFICATIONS PUBLICATIONS DATABASE SPEECHES PRESS  RELEASES TENDERS FORMS EVENTS APPLICATION TRACKING SYSTEM  
 
Currency Details
   
Contemporary Bank Notes
Coins
Press Releases
Currency Museum
Master Circulars
FAQs
Presentations
Notifications
   
Home >> Indian Currency >> Museum >> Miscellany - Hundies
 

Hundies

Hundis refer to financial instruments evolved on the Indian sub-continent used in trade and credit transactions. They were used

  • as remittance instruments (to transfer funds from one place to another),
  • as credit instruments (to borrow money [IOUs]),
  • for trade transactions (as bills of exchange).

Technically, a Hundi is an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order. Hundis, being a part of the informal system have no legal status and are not covered under the Negotiable Instruments Act, 1881. Though normally regarded as bills of exchange, they were more often used as equivalents of cheques issued by indigenous bankers.

Hundis: Specimens

British India
British India Hundi

British India
British India Hundi

Foreign Bill
Bank Memo to a Hundi

Foreign Bill
Foreign Bill

Opium Hundi
Opium Hundi

Princely State
Princely State Hundi

Others
Others

A Representative Darshani Hundi.

Early 20th Century

Nisani Hamare Gharu khate nam mandna.

Dastkhat Brijkishore Bhargava ke hundi likhe mujib sikar desi.

'SRI RAMJI

Sidh sri Patna subhastane chiranjeeva bhai Rikhabchand Bridhichan yog sri Jaipur se likhi Brijkishore Bhargava kee asis banchna, apranch hundi aik rupia 2,000 akshare rupia do hazar ke nime rupia aik hazar ka duna yahan rakha sah Sri Punamchandji Harakchandji pas miti Mangsir bad baras (12th) puga turat sah-jog rupia chalan ka dena. Sambat 1990, Miti Mangsir bad baras,

Rs.2,000

Neme Neme rupia panchsau ka chauguna pura do hazar kardejo.

'1' Chiranjeeva Rikhabchand Bridhichand, Patna.

Translation

Place it to the debit of our account.

Signature: Honour the Hundi written by Brijkishore Bhargava.

Greetings to Messrs. Rikhabchand Bridhichand, son of the fair city of Patna on whom the Hundi for Rs 2,000 (in words Rupees Two thousand only) is written by Brij Kishore Bhargava from Jaipur. Rupees one thousand if doubled make the sum of the hundi. The hundi has been drawn from here in favour of Messrs. Punamchand Harackchand on 12th Mangsir 1990, which please honour on presentation in the current money.

Rs.2,000

Four times of Rs. 500 make the sum of Rs. 2,000 for which the hundi is drawn.


 

Watermark on Hundis

Revenue Seals appearing on Hundis

British India
British India

Embossed Seal: Queen Vicotoria
Embossed Seal: Queen Victoria

Embossed Seal: Queen Victoria
Embossed Seal: Queen Victoria

Adhesive Stamps used on Private Issues
Adhesive Stamps used on Private Issues

Revenue form: Portrait of King Edward
Revenue form: Portrait of King Edward

Revenue Form: Ashoka Pillar
Revenue Form: Ashoka Pillar

 
Top
 
© Reserve Bank of India. All Rights Reserved.
Best viewed in 1024x768 resolution in IE 5 and above.